Is it necessary to look at the dollar index for forex trading 5

Updated on Financial 2024-03-01
17 answers
  1. Anonymous users2024-02-06

    There is no standard answer to this, because everyone has their own set of ways to make orders, and if you think it is helpful, it is necessary to look at the dollar index if you look at foreign exchange trading.

    There are no good skills, and the skills are all tortured by themselves.

    I suggest that if you have time, take a few minutes every day to write some of your own experience, whether it is a simulation or a real warehouse, the experience is written more, and you will master it as your own knowledge.

    Some small experiences, novices can understand and understand that maybe they can avoid detours.

    1.The most intense trading hours for foreign exchange trading are generally from 3 p.m. to 5 p.m. and from 7 p.m. to 12 p.m.

    2.It is best not to hold a position overnight, and if you have to hold a position, be sure to set a stop-loss price and a take-profit price.

    3.The Stop Loss and Take Profit prices can be set on the 5th and 20th days.

    4.Don't trust your instincts too much, but watch more international news, and don't look at what others say, but what is happening in the market.

    5.Don't go full at any time.

    6.To judge the general trend, follow the market accurately, be cautious when doing swings, and don't lose big because of small things.

    7.If it doesn't rise when it should rise, it is resolutely bearish, and if it doesn't fall when it should fall, it is bullish.

    8.Foreign exchange and ** are both T+0 mechanisms, to maximize the mobility of this mechanism, grasp the opportunity, decisively enter and exit the market, and overcome greed (unwilling to sell) and fear (dare not buy).

    9.Finally, of course, it is to learn more investment knowledge, enrich yourself, and make a good summary every day.

    10。Learn about the more well-known platforms in the world, regulated by the FSA and NFA. Spot ** leverage can choose from 100 to 400, the leverage is large, and it is easy to do some.

    11.Novices are advised to apply for a free simulation first, simulate learning first, summarize the simulation experience, and record daily gains and losses. Should help.

  2. Anonymous users2024-02-05

    It is necessary to see that because the US dollar can resist inflation, it is an attribute that other currencies cannot have, and it affects the news side of other currencies that are good for short and long. After all, the United States is a big country, and it is right to look at the big trend.

  3. Anonymous users2024-02-04

    The U.S. dollar index is related to the next forex software that can go to the third wave.

  4. Anonymous users2024-02-03

    The U.S. dollar index is an indicator that comprehensively reflects the exchange rate of the U.S. dollar in the international foreign exchange market, and is used to measure the degree of change in the exchange rate of the U.S. dollar against a basket of currencies. It measures the strength of the U.S. dollar by calculating the combined rate of change of the U.S. dollar and a basket of currencies.

  5. Anonymous users2024-02-02

    I do day trading and never look at the USD index. Make a plan before placing an order every day, and make an order to where to do it, one or two hundred points is very easy. Every day before the European market opens, I will post the day's ** strategy on my blog.

    Inside, QQ Weibo.

    It will also be synchronized, welcome to communicate together.

  6. Anonymous users2024-02-01

    The U.S. dollar index is the opposite of non-U.S. currencies, and the U.S. dollar index rises and non-U.S. currencies fall

  7. Anonymous users2024-01-31

    The U.S. dollar index can be used as a reference to determine the trend of straight currencies.

  8. Anonymous users2024-01-30

    The U.S. dollar index is basically equivalent to the ** index of ** votes, which is too important.

  9. Anonymous users2024-01-29

    You can refer to it or not.

  10. Anonymous users2024-01-28

    Go to the simulation column to apply for a simulation, and then log in to see the U.S. dollar index, note that the English ** of the U.S. dollar index is usdollar, and then you can also simply buy and sell the U.S. index.

    The U.S. dollar index is an indicator that comprehensively reflects the exchange rate of the U.S. dollar in the international foreign exchange market, and is used to measure the degree of change in the exchange rate of the U.S. dollar against a basket of currencies. It measures the strength of the dollar by calculating the combined rate of change of the dollar and against a selected basket of currencies, thereby indirectly reflecting changes in the export competitiveness of the United States and the cost of imports.

    The U.S. dollar index is not from the Chicago Stock Exchange or the Chicago Mercantile Exchange, but from the New York Cotton Exchange. In 1985, the New York Cotton Exchange established a financial arm and officially entered the global financial commodity market, starting with the launch of the U.S. dollar index**.

  11. Anonymous users2024-01-27

    The U.S. Dollar Index is similar to the Dow Jones Industrial Average, which shows the composite status of the U.S. dollar, and the U.S. Dollar Index shows the composite value of the U.S. dollar. A measure of the strength of various currencies. Posture.

    You can go to Taihe Gold and Silver Network to learn more about this aspect of the Bank of China, and Taihe Zhishang (taihe188

  12. Anonymous users2024-01-26

    The U.S. refers to those that can be traded and queried. Of course, there are also many straight and cross options to choose from

  13. Anonymous users2024-01-25

    Our trading software can see the US dollar index, foreign exchange, **, **, **, futures index can be traded. 648722513

  14. Anonymous users2024-01-24

    China Merchants Bank's foreign exchange analysis software and many other **** software are available, such as Great Wisdom, Wenhua Finance, etc.

  15. Anonymous users2024-01-23

    I saw it on the forex supermarket, it's quite convenient, and there are a lot of free learning materials on it. There are quite a few cooperative broker platforms.

    Target. In addition, there are products on the stationmaster's group **, cheap ***.

  16. Anonymous users2024-01-22

    Some big financial **, game masters.

  17. Anonymous users2024-01-21

    The US dollar index (USDX) is an indicator that comprehensively reflects the exchange rate of the US dollar in the international foreign exchange market, and is used to measure the degree of change in the exchange rate of the US dollar against a basket of currencies.

    It measures the strength of the U.S. dollar by calculating the combined rate of change between the U.S. dollar and the selected basket of currencies, thereby indirectly reflecting changes in the U.S. export competitiveness and import costs.

    The U.S. dollar index is not from the Chicago Board of Trade (CBOT) or the Chicago Mercantile Exchange (CME), but from the New York Cotton Exchange (NYCE).

    Founded in 1870 by a group of cotton merchants and intermediaries, the New York Cotton Exchange is now the oldest commodity exchange in New York and the world's most important cotton and options exchange.

    In 1985, the New York Cotton Exchange established a financial arm and officially entered the global financial commodity market, starting with the launch of the US dollar index**.

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