What operating skills do beginners need to master for forex beginners?

What a beginner to forex should master:

You should have a certain understanding of Forex, what it does, and how it works, which is the most important thing.

Mentality, the mentality of the average trader, can often affect his trading, so the mentality is also very important.

Learning, because we are white, just started, then we should increase our own learning, as well as the improvement of technical indicators, you can take a look at my, the biggest taboo in trading is not to have a gambling mentality, I used to start when I first started, is a little, I am a heavy position every time, but every time I blow up, at that time the operation is only a demo account, simulation, if you feel that you have learned well, all aspects have been understood, you can operate the demo account, demo account and real, There is still a big difference, so you should also be cautious and consult, if you have any questions about the transaction, you can come to consult me, I can help you answer.

Basic foreign exchange knowledge, operation methods, and the most important thing is mentality.

1. Understand the basic knowledge and explanation of terms related to foreign exchange;

2. Understand the analysis charts of various technical indicators.

3. Fundamental analysis of foreign exchange;

4. Summarize experience in a timely manner after making an order and lay a good foundation;

6. Actual combat simulation, foreign exchange trading simulation platform - FX168 investment hero.

Master the main currency symbols, major currency pairs, trading rates, spreads (spreads), foreign exchange trading trading, trading units, margin, **, margin ratio, equity, leverage and other professional terms.

Trading venues for Forex:

First, it is a member of the Shanghai ** Exchange; the second is a member of the Shanghai ** Exchange; The third is the major commercial banks. For commercial banks, investors should pay attention to the fact that what needs to be signed is a "transaction contract" with the commercial bank, and the commercial bank must bear legal responsibility in the contract; Rather than a simple "settlement contract".

The basic knowledge of foreign exchange novice entry is currently with the ** more and more disappointing domestic investors, foreign exchange has gradually become the preferred financial management method for investors to trade, in fact, foreign exchange trading seems easy, but it is actually difficult to manage investment, the following is for investors to tell the following basic knowledge of foreign exchange novices.

1 What is Forex Trading?

Foreign exchange is the exchange of currencies between two countries for the purpose of exchange, for example, country A needs to go to country B for procurement, tourism, etc., it is necessary to exchange its own currency for the currency of country B, which is the most common foreign exchange transaction.

Bank foreign exchange transactions are consistent with the above explanation, that is, investors use the currency in their hands to exchange for foreign currency, and then make a profit according to the change in the exchange rate.

Online speculation on foreign exchange: refers to the use of electronic trading platforms through their own judgment of the exchange rate and then with the foreign exchange market for trading, such as when the exchange rate of the euro and the US dollar, at this time the investor thinks that the future exchange rate will be **, at this time to take out a certain amount of funds as a margin, and then make a corresponding judgment, if the trend is really **, then you can get a profit, if the investor thinks that the future exchange rate will be **, then you can take out a part of the margin to short, once the exchange rate is really **, investors can still get profits. Speculating on foreign exchange on the Internet, because there is 100 times or 200 times the leverage in it, investors only need a small amount of money to earn a certain profit through the exchange rate.

2 Spreads and commissions.

The spread is the fee that investors need to pay when participating in foreign exchange trading, whether it is participating in bank foreign exchange trading or online foreign exchange speculation, there are spreads, such as the euro and the US dollar are current, and the investor's price is the investor's selling price, which is the intermediate fee for banks or foreign exchange dealers to make money.

Commission is the fee that investors need to pay after paying the spread when participating in foreign exchange trading, generally only need to pay the spread when participating in foreign exchange trading through a first-class businessman, and need to pay additional commission when participating in foreign exchange trading through some regional small businessmen.

3 Leverage. Leverage is not only a leverage given by the foreign exchange platform when investors participate in online foreign exchange speculation, using leverage trading, investors can participate in foreign exchange trading with less funds, and the investor's profits and losses are magnified by 100 or 200 times.

Leverage is the core knowledge for beginners in foreign exchange, and only by understanding the principle of leverage can we be familiar with the basic principles of foreign exchange trading.

4 Forex platform.

The foreign exchange platform is the trader chosen by investors when speculating in foreign exchange, investors want to trade with the bank for foreign exchange margin, they must trade through an intermediary platform, the foreign exchange platform is the intermediary platform, and it is the foreign exchange platform that charges customers the spread.

5 Foreign exchange account opening.

If an investor wants to conduct foreign exchange trading, he must open a foreign exchange account, and then remit the funds to the foreign exchange platform, and after receiving the customer's funds, the platform will store the funds in the foreign exchange account handled by the investor, and then the customer will start his own foreign exchange speculation career.

The above is the basic knowledge of foreign exchange beginners, investors can be familiar with it.

In fact, the basic knowledge of foreign exchange speculation is not very much, the key is to be able to really master it, some people may have read a lot of books or e-books, but the knowledge in it is not absorbed is actually useless.

First, our so-called foreign exchange speculation refers to online super foreign exchange, which is to use less capital to manipulate larger funds through the principle of leverage, and earn the difference when the exchange rate fluctuates. This way of managing money will magnify investors' profits and losses by hundreds of times.

Second, one or two hundred dollars is not suitable for participating in trading, to put it bluntly, the final result of investing one or two hundred dollars is liquidation, which can be seen through simulated foreign exchange speculation, so to participate in foreign exchange trading, at least five hundred to one thousand dollars.

Third, in the foreign exchange terminology, the meaning of the spread refers to the difference between the ** price and the selling price, when the investor ** the exchange rate of a certain currency pair, according to the ** price plus the spread, when selling the exchange rate of a certain currency pair, according to the selling price plus the spread, so the spread is also a handling fee. Leverage means that when participating in trading, the funds invested by investors can be manipulated by the amount of funds multiplied by leverage, and the meaning of the dealer refers to the service provider that provides investors with a foreign exchange platform, and the broker is the dealer of the dealer. It is for traders to promote foreign exchange business and find customers.

Fourth, when choosing a foreign exchange platform, you should pay attention to choosing a regulated broker, generally speaking, the UK Financial Supervisory Authority (FSA) and the United States ** Association (NFA) are regulated by the brokers to ensure the safety of customers' funds.

Fifth, a basic foreign exchange speculator needs to understand the fundamental news of foreign exchange, such as the impact of some economic data on the exchange rate, and the impact of some important events on the exchange rate.

Sixth, you need to master several practical technical indicators, such as MACD, KDJ, Fibonacci lines, MA, and chart skills.

For those who want to invest, if you want to really enter the foreign exchange market, you must understand these terms. MultiBank summarizes the following points:

Currency pairs and **.

A currency pair, a foreign exchange exchange rate made up of two currencies. For example: EUR USD

**, divided into "direct**" and "indirect**".

Direct is the amount of every dollar expressed in other currencies.

Indirect is per unit of other currency expressed in US dollars.

2.Spreads. The spread, also known as the commission, is the difference between the bid price and the ask price.

3.Deposit.

In the process of foreign exchange trading, traders need to pay a part of the deposit according to the contract ** (in foreign exchange trading, the margin is calculated according to the size of the trading leverage, and the margin is 100,000 US dollars divided by the leverage multiple). 4.Open a position.

It is also called an open position, when opening a position in foreign exchange trading, the position held after the ** contract is called a long position, referred to as long; The position held after the contract is sold is called a short position, or short position for short.

5.Close the position. It refers to the behavior of foreign exchange traders** or selling contracts with the same variety and quantity of contracts they hold but in the opposite direction of the transaction, and closing the transaction, simply put, "the original ** will sell, and the original will be sold**." ”

6.Stop. A stop-loss order is an order to sell by agreement. Dealers can preset a stop-loss order and use it to automatically liquidate open positions when the specified ** is reached or exceeded. That is to say, after a period of time of opening a position, if you find that the order** is in the opposite direction of the position you opened, you will set a tolerable loss value, and when the loss reaches a certain value, the position will be automatically closed.

7.Locking orders (hedging).

Locking orders is also one of the most common techniques used when losing money. When an investor opens a position for a period of time and finds that the order** is in the opposite direction to the position he opened, in order to avoid greater losses, he usually opens a position in the opposite direction (using two-way trading in Forex). In this case, the overlapping part of the order will be automatically offset.

This is very common and is often referred to as hedging.

If you want to get started with foreign exchange trading, it is not difficult to say that it is not difficult, the key is to learn some knowledge of foreign exchange trading, but at the same time I don't know how to learn, in fact, I think Baoxing Global is good, you can learn in Baoxing Global Investment, not only can learn investment knowledge, but also can invest and trade here.

I know that there is not much in it, you can take a look inside and it is relatively complete.