What should a beginner know about Forex?

You should listen to it often, it's definitely much better than learning words.

First of all, it should be clear that except for banks, there are no formally authorized foreign exchange platforms in China, so some platforms that claim to be domestic should not believe in any guaranteed profits and guaranteed returns.

Here are a few things to know before choosing a forex platform:

1. Regulatory conditions - to ensure the formal standards of the platform.

This is the most important and effective way. There is no formal supervision of the foreign exchange trading platform, there is almost no security at all, so to judge whether a platform is safe and credible, it is necessary to look at the supervision, not only to see whether the regulatory authority is authoritative, but also to see whether there is a regulatory number.

2. Separation of funds - the standard to ensure the safety of funds.

The separation of funds means that the user's funds and the operating funds of the foreign exchange platform need to be stored separately, and under the specifications of the regulatory authorities, the formal foreign exchange platform will provide traders with segregated accounts.

3. Trading software - the standard to ensure the security of transactions.

At present, there are many kinds of trading software in the foreign exchange market, and only formal and stable trading software can ensure the safety of trading, so be careful of those platforms that are privately built or not formal enough trading software, because this kind of software will occur in various unstable situations in the transaction process, and it is impossible to conduct quality transactions at all.

4. Customer complaints.

A supervised platform is not necessarily 100% safe, pay attention to its customer complaints, too many customer complaints, explain many problems, and it is not recommended to choose.

There are many foreign exchange platforms, and when choosing, you must pay attention to choosing a large platform as much as possible, which is relatively safer.

There is too much knowledge needed for novices to get started, how to analyze the market, master trading skills, learn trading knowledge, increase trading experience, and master the functions of trading software, proficient in using various chart tools of the software to quickly analyze the trend, combined with hot industry planning and so on. It is not difficult for novices to get started with foreign exchange speculation, and all major platforms have opened novice teaching areas, including technical analysis, data indicator interpretation and ** analysis and other teaching courses. As a well-known platform in the industry, ATFX's teaching** is very good, and it has launched a series of teaching** that is quite suitable for novices to get started, and the explanations are more detailed and clear.

Moreover, if there is any hot event in the industry, ATFX will also launch relevant information or take you to analyze the market and investment trends, so that customers can understand the corresponding investment strategies in a timely manner. In addition, ATFX is regulated by the FCA in the UK and can enjoy the protection of the FSCS program, which can be said to be one of the formal and rich investor education resources.

First. Choose a formal platform: a platform regulated by the FSA or NFA, with fair transactions and safe funds.

Second. Find a professional analyst to verify your strength and learn how to operate.

Third. Have a good attitude: strict stop loss, reasonable allocation, and risk control.

The foreign exchange market refers to a trading place that engages in foreign exchange trading and adjusts the supply and demand of foreign exchange in the world. Its function is to deal in monetary commodities, i.e., the currencies of different countries.

In the world, due to economic exchanges such as investment, tourism, etc., there will inevitably be a relationship between monetary revenue and expenditure. However, the monetary systems of different countries are different, and if you want to pay abroad, you must first buy foreign currency in your own currency; On the other hand, foreign currency payment vouchers received from abroad must also be converted into the currency of the home country in order to circulate in the country. In this way, the problem of the exchange of the national currency with foreign currencies arises.

The comparison of the currencies of two countries is called the exchange rate or exchange rate. In order to implement foreign exchange policies and affect foreign exchange rates, the leading banks in Western countries and China often buy and sell foreign exchange institutions.

The first thing to pay attention to is to do a reverse single, short GBP/JPY, down more than 100 points, trend line, **line are empty trend, see **very low, at this time I thought **will**, just long, the result is**did not rise, but also fell 246 points. The dark days are not over, according to the trend line, **line, **line shows that the trend is to go long GBPJPY, but **start ** after entering**. I was anxious to make up for the loss of the previous day, and made the decision again, but the trend line, the **line, and the **line were obvious**, so that I lost more than 60 points.

In fact, people are like this, no matter whether the trend shows ** or not, I always think that it will be **, so I have been holding long orders, but I didn't expect ** to go against us, and finally fell 177 points. Immediately after I chased the order, went into the short, fell 100 points to close the position, there was a large display of the ** area, 100 points have been earned and closed the position, but due to the greed of human nature, look at the trend line is still green, **line is also in the strong area**, just follow the hand of the short order, but unfortunately, just click the mouse ** began to rise, the result rose more than 340 points, the loss can be imagined.

1. Do your homework.

Investors who have just entered the market should not blindly open positions, especially margin trading, which can easily be dozens or hundreds of times more than 100 times margin trading, which will make you lose a lot if you encounter large market fluctuations. Before investing, you should learn some relevant knowledge of international finance, such as exchange rate determination theory, balance of payments theory, etc. In addition, you need to learn some basic methods of technical analysis, and be able to skillfully use one or more of them.

2. Control risks.

After entering the forex trading market, your first goal is not necessarily to make money, as long as you can survive, your first step is to succeed. A full position is like a moth to a fire, and even the most savvy forex trader cannot guarantee that all his judgments are correct, so if you want to survive in this market, you should not risk being wiped out.

3. The essence is not much more expensive.

Forex trading should focus on analyzing one or a few currencies. If there are too many currency pairs involved, it will be difficult to do it because of too much information and information that needs to be collected, and on the other hand, you will miss the opportunity to make profits, because the opportunity in foreign exchange trading is fleeting, and it is too late to change positions when you find that the opportunity is coming.

4. Buy up, don't buy down.

Regardless of the occasion, investors who have done forex trading will recognize this problem. Because in ****, the worst choice is only the highest point; And in ****, the best option is only the lowest point. The odds of both making a profit are self-explanatory, but most investors still make mistakes on this point.

5. Don't be greedy.

Most investors have the experience of waiting for the profit to reach 10 when the profit reaches 7, and finally the ** mutation is nothing. Receiving when you see a good situation is the mentality that foreign exchange investors should keep.