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HomeFOREXForeign Exchange Basics: What is Foreign exchange firm trading?

Foreign Exchange Basics: What is Foreign exchange firm trading?

The friends who are interested in foreign exchange investment all know that foreign exchange trading types are divided into foreign exchange margin trading and foreign exchange trading, foreign exchange speculation, also known as staring at the market, is that foreign exchange investors always observe the trend of the foreign exchange market, never idle. The exchange rate is changing all the time. Currency investors need to keep abreast of the current market conditions and learn how to look at the market. In particular, it is very important for foreign exchange beginners to learn how to look at the plate, the process of looking at the plate is also a good summary and use of investor knowledge of an occasion and opportunity.

Foreign Exchange Firm Trading:

It can be said that foreign exchange firm offer is a unique transaction method in China. Individuals can conduct transactions through the Internet, telephone, bank counters and self-service terminals after opening a trading account in the bank.

The advantage of the low starting point of foreign exchange investment facilitates the participation of more investors. Meanwhile, for new investors, they can gradually adapt to and understand the foreign exchange market and reduce the investment risk by gradually making additional investments.

How to make foreign exchange firm offer for beginners:

New investors in the face of many currency pairs when it is difficult to choose, fry foreign exchange entry after all how to trade? Generally, beginners can start with direct trading, which is between the U.S. dollar and another freely convertible foreign currency.

New currency investors are still generally choosing the dollar as their investment currency. This is because the US dollar is the most widely used currency in the world due to its strong liquidity. More importantly, there are many data and information sources about the US dollar in the market, which is convenient for new investors to grasp more information, make timely market judgments and make relevant investment decisions.

Novice look at the five stages:

1, blindly look at the plate

At this time, investors are not comprehensive enough to understand the foreign exchange market because they are new to the market. They do not know what content to look at specifically, so they only know that they blindly stare at the curve of rising and falling, and do not understand the meaning behind the curve.

  1. The primary stage

At this stage, investors have experienced a brief period of investment, have a preliminary understanding of the curve, know the flow of funds and minute rankings, and begin to screen for observation.

  1. Advanced stage

At this time, investors have already had trading and trading experience, the purpose is more clear, from the trend of more than a dozen varieties can roughly judge the running trend of the market, began to reject the traditional technology and indicators, thought they entered the core of trading, and use their own designed indicators to measure the index and stock.

  1. Systematize

Have a deeper understanding of the disk, can build their own trading system, the purpose of disk is to verify the system, improve the system.

  1. Integration stage

Finally, traders can quickly familiarize themselves with unfamiliar markets by looking at the market, and can be very good at stabilizing their psychological emotions.

A quick reminder: The dollar continues to strengthen, gold is at its highest in nearly a month, and oil is up more than 7% to reach the 100-mark. Please pay attention to the Reelfinancial.com, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.