First, our so-called foreign exchange speculation refers to online super foreign exchange, which uses less funds to manipulate larger funds through the leverage principle to earn the difference when the exchange rate fluctuates. This kind of financial management will expand investors' profits and losses hundreds of times.
Second, one or two hundred dollars is not suitable for trading. To put it bluntly, the final result of investing one or two hundred dollars is short positions, which can be seen by simulating foreign exchange speculation. Therefore, to participate in foreign exchange transactions, you need at least 500 to 1000 USD.
Third, in foreign exchange terminology, the spread refers to the difference between the buying price and the selling price. Investors buy the exchange rate of a currency pair according to the purchase price plus the difference, and sell the exchange rate of a currency pair according to the selling price plus the difference, so the spread is both a handling fee. Leverage means that investors can manipulate the amount of funds multiplied by leverage when participating in transactions. Traders refer to service providers who provide foreign exchange platforms for investors, and brokers are dealers of traders. Is to promote foreign exchange business for dealers and find customers.
Fourth, when choosing a foreign exchange platform, we should pay attention to choosing a standardized dealer. Generally speaking, traders supervised by FSA and NFA can ensure the safety of customers' funds.
Fifth, a basic foreign exchange speculator needs to know the fundamental information of foreign exchange, such as the impact of some economic data on the exchange rate and the impact of some important events on the exchange rate. These are all summarized by investors in their daily life, so that they can make good use of fundamental information to make orders.
Sixth, we need to master several practical technical indicators, such as Fibonacci callback line, MA and K-line chart skills.