What about foreign exchange? Is there a minimum purchase price or quantity?
A:
No foreign exchange reserves. As long as you have money in your account and can do the minimum hand (including mini hand and super mini hand) specified by the platform, you can generally operate it! !
Why do some institutions have different minimum payment, ranging from $5 to $50?
A: This is a marketing strategy of foreign exchange dealers. The introduction of Super Mini Hand is mainly to let everyone learn how to operate and understand foreign exchange! ! It is best to operate on its platform.
three
1: 1
1:50
1: 100
And100:1;
What does 200: 1 stand for? What should I do?
This is a lever. The lever is different because the standard hand stipulated by foreign exchange dealers is different.
This is basically the case internationally: 1 standard contract value100000 USD (100000 USD), and a spoony contract value100000 USD (100000 USD). What is the value of a point? Go for a ride! 100000 USD *0.000 1= 10 USD, 10000 USD * 0.000/kloc-0 USD. Therefore, whether for 1: 20 lever, 1: 100 lever or 1: 400 lever, the standard contract of 1 point is 1 0 USD./kloc
So 65438+ million dollars /20 times =5000 dollars, 65438+ million/100 times = 1000 dollars, 65438+ million /400 times =250 dollars, that is to say, 1 standard contract, if it is 65440 dollars. If the leverage is 1: 100, you need to use your account funds 1000 USD; If the leverage is 1: 400 USD, you need to use your account fund of 250 USD. So how much money is still active in your account? How much risk can you resist?
For example, if the account fund is $6,000, you buy 1 Euro/USD, for example (one point is1USD):
1:20
Double leverage: 5000 USD is occupied, and 1000 USD is active in the account, which can resist the risk of 100. When the market price fluctuates upward and loses 100 points, the system will force the liquidation. (extremely risky)
1: 100 times leverage: it occupies 1000 USD, and the account still has 5,000 USD, which can resist the risk of 500 points. When the market price fluctuates upwards and loses 500 points, the deposit will be recovered and the system will force you to close your position. (general risk)
1: 400 times leverage: it takes up $250, and the account has $5,750 active, which can resist the risk of 575 points. When the market price fluctuates upwards and loses 575 points, the deposit will be recovered and the system will force you to close your position. (Leverage with risks less than 1: 20 and 1: 100 times. )
It can be concluded that the higher the leverage ratio, the smaller the risk of margin recovery when the amount of funds in the account is the same and the number of lots is the same (1 contract is called 1 lot)!
3 About the calculation of profit and loss
Profit and loss calculation formula:
Foreign exchange transactions with direct quotation (such as USD/JPY):
Profit and loss = contract quantity * profit and loss point * value per point/current price
Overnight Interest = Contract Quantity * Contract Value * Interest Days * Daily Interest Rate /360
Foreign exchange transactions using indirect pricing methods (such as Euro/USD);
Profit and loss = profit and loss point * value per point
Overnight Interest = Contract Quantity * Contract Value * Interest Days * Daily Interest Rate /360* Delivery Price
Postural stretching
account/settlement day
Interest bearing days
Stick to your post from Monday to Tuesday
From Wednesday to Thursday
one day
Hold your ground on Tuesday until Wednesday.
Push from Thursday to Friday
one day
Stick to your post on Wednesday until Thursday.
From Friday to next Monday
Three days (two days on weekends)
Hold positions on Thursday until Friday.
From next Monday to next Tuesday.
one day
Hold positions on Friday until next Monday.
From next Tuesday to next Wednesday.
one day
Note: If the delivery date falls on a holiday, it will be postponed to the next working day, and the interest-bearing days will be accumulated accordingly.
For example:
An investor is bullish on GBP/USD (1.7718/1.7722) and bought three accounts of 100k on Wednesday, with pribuy%=0.42. On Thursday, the price was as he wished, and the quotation was L: 1.7742/65432.
Profit: (1.7742-1.7722) *10 * 3 = 600 (USD)
Overnight interest: 0.42% *10000 * 3 *1/360 *1.7722 = 6.2 (USD).
Investor income: 600+6.2=606.2 (USD)