Question 1: Theoretically, each currency pair can be traded at any time. For example, exchanges in new york can also conduct cross-currency transactions in non-US dollars. There is no absolute connection between the trading time of specific currency pairs and the quotation method. When you say that the dollar comes first and the dollar comes last, it is actually the different pricing methods, which has nothing to do with the trading time. Generally speaking, London, as a foreign exchange trading place with a long history, has a very large trading volume, followed by new york. The trading volume of the corresponding currency will be the most active during the trading hours in the corresponding countries, such as the pound against the US dollar, so the trading volume will be very large during the trading hours in London and new york, and the market will fluctuate violently, but it does not mean that there is no trading elsewhere, but only a small amount.
Question 2: Foreign exchange is indeed traded 24 hours a day. However, these 24 hours are not completed by one exchange, but the combination of trading hours of exchanges in different countries. For a simple example, the London Stock Exchange trades from 00: 00 to 6: 00, and after the close, the exchange in the next time zone opens. Suppose it's 7: 00 to 13: 00 in Australia, then trading places in different time zones around the world are constantly trading. This time is not necessarily absolutely connected, and there will be overlap. Specifically, you can search the trading hours of exchanges around the world. The end result is that the foreign exchange market has formed a 24-hour trading market.
Question 3: Foreign exchange trading software. Investors in Chinese mainland like to use MT4 trading software for beginners. This software is made by Russian Majdak software company, and all dealers or brokers cooperate with each other to pay rent. This software is very easy to use, and it is an open platform, which can customize editing program indicators and formulate intelligent trading strategies. However, this software is not very professional, and the stability of the trading platform is relatively poor. In Europe and America, professional traders do not use MT4, but generally use professional trading software. Such front-line traders will have their own professional trading software, such as GTS and so on. My personal suggestion is that you'd better learn to use professional trading software. As for the time, generally speaking, the software can be selected, whether it is the actual Beijing time or the specific time zone. As a stock analysis software, great wisdom foreign exchange quotation is definitely accepted by banks or other brokers, and certainly not a professional and timely foreign exchange quotation.
Question 4: You misunderstood this. In foreign exchange transactions, the deposit used is the base currency, not the target currency. The intuitive understanding of the base currency is that in previous currencies, such as GBP/USD, GBP is the base currency. Whether buying or selling, the required margin is 6,543,800+pounds, which is converted into US dollars according to the middle price of the current exchange rate of the trader and displayed as the margin. For example, the current GBP/USD exchange rate is 65,438+0.6603. Then under the leverage of 100, the first-hand deposit is 1.660.3 USD. And this difference is constantly changing with the exchange rate. This is a scientific expression.
Question 5: The calculation of profit and loss involves the integral value. The so-called point value is the value represented by different currency pairs. This also involves direct bidding and indirect bidding. The currency of direct bidding is USD, such as USD/JPY; the value of a point is the target currency, which needs to be converted into USD; the currency of indirect bidding is USD, such as GBP/USD; and the value of a point is USD. Under the standard contract, one point is $65438 +00. As for the calculation formula of integral value
[Point] = [Batch] × [Split Closing Point]
For indirect bidding, the value of each point is constant and does not depend on the current quotation.
[pip]=[ batch] × [quotation unit]/[current quotation]
For direct pricing, the value of each point depends on the current quotation.
Question 6: Answer the foreign exchange quotation correctly. The former base currency is 1, which indicates the amount corresponding to the latter target currency.
Question 7: There are some differences in software operation between foreign exchange trading and futures. The operation method of opening a position is the same. You can set up a position if you want to buy or sell it, but you can close the foreign exchange by clicking the special close button instead of clicking the reverse position. Specific software usage needs are specific and different.
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