A question on foreign exchange, a question about foreign exchange and exchange rates

Yes, you can make money.

Today, I used CNY to exchange for US dollars, which should be about the middle price, and the points given by the bank are above, that is, the bank charged more than 100 points.

There is no free convertibility in the CNY international foreign exchange market, and the speculation needs to be relatively large to be profitable, and if you really want to speculate, you have to open an account. Each currency pair is constantly fluctuating at any time, and any three other currencies are not directly converted according to the two pairs of currency pairs at the counter, but according to the international **, and the counter transaction has exchange rate implementation regulations, and the same is true for straight disks, and the same is true for cross orders, but they affect each other, not directly converted.

This is very normal, this is what the industry says about speculating in cash exchange, calculate the rise and fall of a certain currency in advance, as well as the price, and then go directly to the bank to earn the exchange rate, the same is profitable, but it is more difficult and the time is longer.

You have to pay attention to the spread at which you sell.

There should be no arbitrage opportunities.

You can see the difference or something, it's not so easy to make money, don't be too naïve,

The bank's spreads are very high...

If you don't have a lot of money in real trading...

It's not easy to make a lot of money...

A foreign exchange rate is a conversion rate between two different currencies.

There are two ways to quote foreign exchange rates:

1. Direct pricing method: a certain unit of foreign currency is converted into a certain amount of domestic currency.

For example: China's foreign exchange**: 100 US dollars is equal to how much RMB 2, indirect pricing method: a certain unit of domestic currency is converted into a certain amount of foreign currency.

For example: UK Forex**: How many US dollars is 1 pound sterling.

A certain unit is not necessarily 100 units, depending on the country.

Foreign exchange is generally exchanged for 100 RMB for foreign currency, or 100 units of currency in one country for another national currency.

To put it simply: the exchange rate is the ratio of one country's currency to another's currency, and it is the ** of another currency expressed in one currency.

For example, as long as the two currencies are two different countries, it can be RMB against other national currencies, for example, RMB vs USD, JPY vs Euro, GBP vs CAD, etc.

Explanation: Since the names of currencies in various countries in the world are different and the value of the currency is different, the currency of one country should stipulate an exchange rate for the currency of other countries, that is, the exchange rate.

The road to simplicity! For novices, master the following three steps and cycles, and you can officially get started with foreign exchange speculation.

1. Understand the basic knowledge of foreign exchange In fact, the basic knowledge that needs to be learned for real foreign exchange speculation is as follows: What is foreign exchange? What is the principle of forex trading?

At the same time, understand the basic noun concepts of foreign exchange trading: leverage, spreads, margin trading, trading currency exchange types: non-US currencies, risk currencies, etc.

Mastering these basics of forex trading is the first step in getting started with Forex. These basics can be found on all major forex and financial portals**. (Investment Learning Area of this site - Basic Knowledge Column).

2. Simulated trading: Many investors have always believed that the most important investment skill for foreign exchange speculation is to master technical analysis and fundamental analysis. These two points are necessary.

In fact, in terms of technology, you can start the basic operation by looking at the ** chart (candlestick chart), choose a suitable foreign exchange simulation trading software for yourself to do simulated foreign exchange, and be familiar with the software operation: placing orders, pending orders, setting stop loss and take profit, MT4 software settings, etc. Under the premise of no economic risk, simulating actual combat to learn investment skills is the best and fastest way to learn.

Learning fundamentals, economic data interpretation The central bank's monetary policy and the fundamentals of foreign exchange are the original driving force for exchange rate fluctuations, and the changes in the fundamentals of foreign exchange are the reasons for the volatility of the foreign exchange market and the turbulence of the market. The fundamental analysis of the foreign exchange market includes political, economic, financial and other developments, so as to judge the supply and demand factors.

But it's important to note that technical knowledge is also a very important factor. Forex investment is actually a typical speculation, and our profits increase ** depending on whether we are on the right side in the long and short power game.

In many cases, the technical side can quickly and intuitively reflect the essence of the market. As speculators, we need to deeply see through the essence of the market, not the superficial things. In many cases, fundamentals and data do not necessarily reflect the nature of the market.

Three. Real Trading: Many people may be very confused--- I have not fully learned the above basic knowledge, why do I need to trade real?

Then the senior person tells you that "don't focus too much on learning those basic skills, real trading is the best learning, the improvement of your trading level, and the two most important points in foreign exchange trading: mentality and risk control, is the most effective learning reinforcement and promotion." These are things you will never learn in demo trading and in basic learning.

Therefore, after understanding the most basic knowledge and learning steps of foreign exchange speculation, the interpretation of technical aspects, fundamentals, the use of foreign exchange trading software, and the application of investment skills, you can officially start to speculate on foreign exchange. (**: Elite).

Of course, there are still some things that I can't finish talking about for a while.

In the task, if you find it helpful, please set up Chen Jingjing answer or satisfactory answer, thank you!

The foreign exchange market starts every Monday in Wellington, New Zealand, and then the Australian market, Tokyo market, and Hong Kong market operate in turn until the US market finally closes in the early hours of Saturday morning, forming a 24-hour uninterrupted market. The amount of money participating in the market is extremely large (far exceeding the global ** market). New entrants should learn some basic knowledge of the foreign exchange market before entering the market.

It is recommended to read Wei Qiangbin's foreign exchange trading trilogy, which is very beneficial 2421345294

If it's simple, it's time plus effort. What can teach you is to make good use of your time to study hard and sum up experience. It won't be long before you're going to be able to adapt to the market.

FXPRO is an internationally renowned foreign exchange broker, with guaranteed funds, convenient deposits and withdrawals, low spreads, no trading commissions, multi-currency, multi-variety trading.

Wire transfer can help you solve the problem There is also a kind of silver mail international remittance.

You can go to the bank and ask for clarification.

As far as I know, it is generally convenient to transfer foreign exchange through bank credit cards. Of course, the premise is that your credit card has a foreign exchange account.

Now ICBC can remit money through online banking, if you go directly to the bank, it is recommended to go to Bank of Communications or China Construction Bank, which have relatively low handling fees. CCB is 80 of the telegram fee, plus one thousandth of the remittance amount. In addition, do not remit directly in US dollars, it is better to buy foreign exchange in RMB, and then send money directly after the end, which is cheaper.

When I went to the post office, it was about 100 within about 2,000 US dollars, and I sent 1,000 yuan and spent more than 100 yuan.

Make wire transfers, private accounts to private accounts.

All four state-owned banks can receive foreign currency. However, there is a limit on the amount of foreign exchange settlement. A person can only settle $50,000 a year.