There are many risk management strategies for controlling risks in foreign exchange transactions. The most commonly used are stop loss and limit price. Stop loss can be set directly on the MT4 platform, and a wide range of risks can be avoided by setting a loss that they can bear. Limits and stops are performed in the same way, but can be set at higher prices.2. What are the factors that affect exchange rate fluctuations?
In general, the most common factors affecting exchange rate fluctuations are interest rates, inflation, and political stability. a. Economy: economic data such as growth in national production, balance of payments, bank interest rates, employment, and other relevant indicators, indexes, statements, etc. b. Politics: related policies to stimulate the economy and political changes that are conducive to society. c. News: Good news is released and important people speak. d. Disasters: military war, terrorist attacks, natural disasters, etc. e. Market: Due to the large number of private equity and investment companies in the world, the hot money is very powerful. In a short period of time, they will influence the market direction, and technical analysis becomes the key. At the same time, these factors also affect the stock market and futures market. Especially the United States as the world's finance3. When will the foreign exchange market start and close?
The foreign exchange market is a 24-hour market. Every trading day moves from Wellington, New Zealand to every financial center in the world. Most of the foreign exchange transactions here take place in Tokyo, London and New York. The foreign exchange market opens on Sunday at 22:00 (GMT) and closes on Friday at 22:00 (GMT).4. Who are the main players in the foreign exchange market?
The participants in the foreign exchange market are mainly central banks, commercial banks, and investment banks. However, due to the impact of the development of the Internet on the foreign exchange market, the number of participants has increased significantly. Participants in foreign exchange transactions now include large multinational companies, fund managers, registered dealers, currency brokers and private investors.5. Is foreign exchange a fair market?
Usually, we understand interest rates: it means how much a loan costs, whether it's a mortgage or the proceeds from a bond and financial market investment. The interest rate policy is the core element that affects the exchange rate, and is a typical strategy suitable for novice foreign exchange traders.6. How to make money in foreign exchange transactions?
Forex trading is generally profitable by buying low and selling high or selling high and selling low. Because XSMCFX provides leverage, you can participate in the foreign exchange market with less money and earn more profits. .7. What is foreign exchange trading? Forex trading is the world's largest financial market, with an average daily trading volume of US $ 5.3 trillion. Forex trading is buying one currency while selling another, so it is always traded in pairs. Foreign exchange quotes are constantly floating according to the relationship between market demand and supply. 8. What are the trading strategies when trading foreign exchange?
Forex traders usually use technical analysis or fundamental analysis strategies. In recent years, technical analysis has become more and more sought after. Technical traders make some short-term or mid-term transactions by judging the trend line, support line and resistance line. Others trade by interpreting economic information, such as news, government reports, economic data, and even some rumors. Other speculators are interested in emergencies other than fundamentals and policies. And these emergencies, such as central bank intervention, interest rate changes, political time and even war, have a greater impact on the market. Once you seize the opportunity, you can get rich profits.9. Do I need to spend a lot of money to trade in the foreign exchange market?
No, foreign exchange trading has never been cheaper. Traders only need to apply for an account and deposit $ 50 to start trading. Through 1: 200 leverage, traders' profits can be enlarged, of course, it also means that traders need to bear greater risk of loss.10. How do I trade online?
Anyone can trade around the world via the web. MT5 is a universal platform. Once you download and install this platform, you can see the quote window on the platform and click on the transaction. At the same time, you can also conduct transactions through mobile devices such as mobile APPs and tablets.