What are the practical skills of personal foreign exchange trading?

1 Learn to open positions on your forex account, stop loss and close profit positions. "Open a position"It is also called openness, that is, the act of buying one currency and selling another currency at the same time. After the market opens, the currency bought is called long, and the currency sold is called short.

Choosing the appropriate exchange rate level and the timing to open a position is a prerequisite for making a profit. If the timing of entering the market is better, the opportunity to make a profit is greater; On the contrary, if you enter the market at the wrong time, you are prone to losses. "Stop loss"It is a stop-loss measure taken to prevent excessive losses when the exchange rate of the currency held is ** (when the currency is depreciated) after the position is established.

2 The principle of buying up, not buying down. The principle of foreign exchange trading is exactly the same as that of ** trading, and it is better to buy up than to buy down. Because there is only one point in the process of rising that is bought wrong, that is, when the rise reaches the apex.

Other than that, anything else is true. At the time of the pair, only one point is right, that is, the pair has already reached the bottom. Other than that, the other points ** are wrong.

Since only one point is bought wrong when it is going up, but only one point is bought right when it is falling, the chance of making a profit on the rise is much greater than when it is on the rise. 3．"Pyramids"The principle of plus. "Pyramids"Plus size means:

After the first ** of a certain currency, the exchange rate of the currency rises, and the investment is correct, if you want to increase the investment, you should follow"The number of each increase is less than the last one"principles. In this way, the number of buy-ups will be less and less. 4 The principle of ** (selling) at the time of rumors and selling (**) at the time of facts.

The foreign exchange market, like the ** market, often circulates some gossip and even rumors, some of which are later proven to be true, and some of the news are later confirmed to be just rumors, or even traps specially laid by the bookmaker. The trader's approach is to take profit as soon as they hear good news and take profits as soon as the news is confirmed. And vice versa, when bad news comes out, sell it immediately, and buy it back as soon as the news is confirmed.

If you don't trade quickly enough, you may incur losses due to ** movements, or miss out on profit opportunities. 5 The principle of not doubling up when losing money. After selling a foreign exchange, when the market suddenly moves in the opposite direction, some people will want to increase their weight and do it again, which is very dangerous.

For example, when a certain forex has been continuously purchased for a period of time, the trader chases the price and buys the currency. Suddenly, the trader saw that he was losing money, so he wanted to buy a single order at a low price, trying to lower the exchange rate of the first order, and at the exchange rate, the two orders were closed together to avoid losses. This extra sizing should be done with special care.

If the pair has been rising for a while, you may be buying one"Top"If you buy more and more when it falls, and continue to increase your weight, but the exchange rate does not look back, then the result is undoubtedly a vicious loss. It was under this psychology that Lisson crossed the famous Bank of Bahrain.

Of course, there are more practical skills, and I have used some of them when I was conducting foreign exchange inquiries before, and I learned them from the foreign exchange eye.

1. Personal foreign exchange trading: Personal foreign exchange trading, also known as "foreign exchange treasure", refers to the business of banks directly exchanging one foreign exchange for another foreign exchange for domestic residents with reference to the international foreign exchange market exchange rate. That is, the transactions between individual customers in the bank that are freely convertible in foreign exchange (or foreign currency).

There are generally real and virtual orders (margins) for individual foreign exchange trading.

2. Foreign exchange purchase: In China, our base currency is RMB, and when we need to pay foreign currency after foreign currency transactions, we use RMB to purchase and exchange for foreign currency payment, which is called foreign exchange purchase. The purchase of foreign exchange is a transfer transaction, which is to exchange the local currency on the account for foreign currency, which is equivalent to foreign exchange trading, and the foreign currency after exchange is still on the account or bank card, and no cash is withdrawn.

3. Foreign exchange settlement: foreign exchange settlement is the abbreviation of foreign exchange settlement (exchange settlement foreign exchange settlement), which is divided into two situations: personal settlement and corporate foreign exchange settlement, which must be handled by the bank or online banking, and at present, many banks in China can handle it.

4. The difference between the two: In short, foreign exchange trading is a transaction between currencies other than RMB, the purchase of foreign exchange is to buy foreign exchange (which can be various currencies) with RMB, and the settlement of foreign exchange is to exchange foreign exchange (which can be various currencies) back to RMB. Since China still implements foreign exchange controls, the renminbi cannot be freely convertible.

Individuals can do foreign exchange transactions through the bank, now there are many banks have foreign exchange trading business, first of all, to the bank to open a foreign exchange trading account, after opening a foreign exchange trading account, through online banking, mobile banking APP, bank counters and other channels for trading.

For example, if you purchase through the China Merchants Mobile Banking App, open the China Merchants Bank Mobile App, click "All", and then find "Foreign Exchange Trading" in "Cross-border Finance" and click to trade.

Further information: Forex trading is the exchange of one country's currency with another's currency. Unlike other financial markets, the foreign exchange market does not have a specific location and does not have a ** exchange, but is traded through an electronic network between banks, businesses and individuals.

Forex trading"It is the simultaneous sale of one currency in a currency pair.

Forex is traded in currency pairs, such as the Euro US Dollar (EUR USD) or the US Dollar Japanese Yen (USD JPY).

Forex trading methods:

Spot foreign exchange transaction: also known as spot foreign exchange transaction, is a foreign exchange transaction method in which the two parties agree to handle the delivery within two business days after the transaction.

Forward transaction: also known as futures transaction, the foreign exchange transaction is not delivered after the foreign exchange transaction is completed, and the delivery is handled at the agreed time according to the contract.

Arbitrage: Arbitrage refers to the use of different foreign exchange markets, different currencies, different delivery times and differences in some currency exchange rates and interest rates to buy from the low price and sell from the first party to earn profits from foreign exchange transactions.

Arbitrage trading: A trading method that takes advantage of the difference in interest rates that occur in the currency markets of two countries to transfer money from one market to another in order to make a profit.

Swap Transaction: refers to the combination of two or more foreign exchange transactions with the same currency but opposite trading directions and different delivery dates.

Foreign exchange**: The so-called foreign exchange ** refers to the ** contract with the exchange rate as the subject matter, which is used to avoid exchange rate risk. It is the earliest variety that appeared in finance.

Foreign exchange options trading: foreign exchange options are bought and sold in foreign exchange, that is, the option buyer obtains a right after paying the corresponding option premium to the option seller, that is, after paying a certain amount of option premium, the option buyer has the right to buy and sell the agreed currency at the same time as the agreed exchange rate and amount agreed by both parties in advance on the agreed expiration date, and the buyer of the right also has the right not to execute the above sale and purchase contract.

In the future, there will be foreign exchange trading platforms jointly run by banks and Internet investment companies, which will reduce unnecessary costs for individual investment.

It is still difficult for individuals to do foreign exchange, mainly in the selection of platforms, products, spreads, service levels and after-sales guarantees. Although major banks have launched foreign exchange market products, such as Agricultural Bank of China's foreign exchange market treasure, ICBC foreign exchange market pass, CITIC Xinhui Investment, HSBC Huihuitong, etc., they are relatively low leverage and have invested more funds, which may not be suitable for everyone. It is recommended that investors decide which one to choose to enter the market from after considering their own funds, trading skills, experience level and familiarity with the market.

In addition, when you choose foreign exchange trading, you should consider the authoritative regulatory authority and license qualification as the first priority. Of course, after you have considered the regulatory qualifications, the speed of deposit and withdrawal of foreign exchange platforms, the strength of technical services and the level of service guarantee are also one of the factors to consider. There is ATFX to choose from, itself is a UK FCA licensed broker, authoritative regulatory qualifications are safe and reliable, and the spread is low and the deposit and withdrawal are also fast, and the account can be received within one working day, this platform is relatively safe.

When a novice is just starting out, be sure to do what you can, don't be greedy, and don't expect too much. Investing is inherently risky.

At present, according to the relevant national policies and regulations, only real foreign exchange trading can be carried out, and virtual foreign exchange trading cannot be carried out. Therefore, the personal foreign exchange trading business is a real transaction (no overdraft, margin and other transactions), and the individual is within the trading hours specified by the bank.

Conduct real foreign exchange trading through counter service personnel or other electronic financial services. The bank accepts the entrustment of the customer to buy and sell one foreign currency into another foreign currency for the customer according to the bank's personal foreign exchange trading business.

At present, the renminbi has not yet achieved full convertibility, and there is no free trading between the renminbi and foreign exchange. Residents can open an account at a bank with cash.

It is also possible to transfer the existing spot exchange account deposit to the bank that opens the personal foreign exchange trading business. In terms of trading means, you can not only go to the bank counter to handle transactions, but also through the Internet, foreign exchange trading.

To do foreign exchange trading, you must hold a foreign exchange in your hand, you only have RMB, you must first exchange it for foreign currency, such as a bank, etc. Then trade on a forex account, which is explained below:

1. If you have euros in your hand and want to get more euros, you can exchange euros for dollars when the euro is high against the dollar, such as 10,000 euros for 14,600 dollars, which is **, when the euro falls, you exchange the dollars back for euros, such as 1:, then 14,600 dollars for 10,281 euros, then you earn an extra 281 euros;

2. Major commercial banks, if you open an account with your ID card, it is best to open a ** bank and online banking, because the transaction is convenient and flexible. Open a foreign currency account, deposit foreign currency, and you can trade;

3. There is no handling fee for speculating in foreign exchange, usually the spread. There are 2 **, for example, when you exchange euros for dollars, at this moment you exchange them back, what you lose is the spread. But when the euro retreats, you convert dollars into euros to make money, for you, there is no additional cost, so there is no commission.