What is foreign exchange?
Foreign currency, whose English name is Foreign currency, is the balance of payments deficit maintained by the monetary administration
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Step 1: Basic knowledge
Exchange rate and pricing method
Exchange rate, also known as exchange rate, refers to the price of one country's currency expressed in another country's currency, or the ratio between the currencies of the two countries.
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Direct price method and indirect price method
There are two types of exchange rate pricing methods: direct pricing method and indirect pricing method.
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The world's major foreign exchange markets
The foreign exchange market refers to a trading market in which banks and other financial institutions, proprietary dealers, and large multinational corporations participate and are connected through intermediaries or telecommunications systems, with various currencies as the trading objects.
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Reasons for the foreign exchange market
The foreign exchange market refers to a trading place for foreign exchange transactions, or a place where various currencies are exchanged with each other.
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Who are the main participants in the foreign exchange market?
There are many participants in the foreign exchange market. In order to better understand the main activities of the foreign exchange market
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Features of the foreign exchange market
In recent years, the reason why the foreign exchange market has been favored by more and more people and has become the new darling of international investors is closely related to the characteristics of the foreign exchange market itself.
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Introduction to Forex Trading
Foreign exchange is produced with international trade, and foreign exchange trading is a tool for international settlement of creditor's rights and debts.
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Foreign exchange trading schedule
Foreign exchange market The most obvious difference from other trading markets is the continuity in time and the unconstrained in space!
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Spot foreign exchange transactions
Spot transactions are transactions between large banks and large banks acting on behalf of large customers. After the transaction is agreed, the payment and delivery of funds will be completed within two business days at the latest.
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Contract spot foreign exchange transactions (deposit transactions)
Contract spot foreign exchange trading, also known as foreign exchange margin trading, deposit trading, virtual trading, refers to investors and financial companies (banks, dealers or brokers) that specialize in foreign exchange trading, signing contracts for entrusted trading of foreign exchange
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Forex Futures Trading
Foreign exchange futures trading is one of the methods of foreign exchange transactions. After the foreign exchange transaction is completed, the buyer and the seller do not provide spot, but only provide a certain margin
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The development of online foreign exchange transactions
Since 1997, with the development of the Internet, online foreign exchange margin trading has taken the world by storm and has become a popular way of foreign exchange transactions.
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What is a cross-exchange rate?
When two currencies do not have a direct exchange rate, the exchange rate that must be calculated indirectly through the third currency is called the cross exchange rate or the collated exchange rate.
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How to calculate foreign exchange cross quotes?
There are mainly the following methods to calculate the cross exchange rate:
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Step 2: Currency Introduction
Currency introduction: USD
Denominations of banknotes: 1, 2, 5, 10, 20, 50, 100 yuan in seven types. Large-denomination banknotes of 500 and 1,000 yuan denominations were previously issued, but they are no longer in circulation
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Currency introduction: GBP
The main characteristics of pound sterling cash can be briefly summarized as follows:
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Currency introduction: EUR
The main features of Euro banknotes can be briefly summarized as follows:
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Currency introduction: CHF
As Switzerland pursues a policy of neutrality and non-alignment, Switzerland is considered to be the safest place in the world and is known as a traditional safe-haven currency.
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Currency introduction: JPY
The printing level of Yen is relatively high. Especially in papermaking, it uses Japan's unique product "Sanya Pulp" as raw material.
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Currency introduction: AUD
Australia’s new version of plastic banknotes were put into use after nearly 30 years of research and development.
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Currency introduction: CAD
Canadian residents are mainly descendants of British and French immigrants, which are English-speaking and French-speaking areas, so both English and French are used on banknotes
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Currency introduction: SGD
Singapore withdrew from the Federation of Malaysia in 1965 and declared its independence, and the republic was established on December 22.
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Currency introduction: HKD
The main features of Hong Kong dollar banknotes can be briefly summarized as follows:
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Step 3: Fundamental analysis
Fundamental analysis: Basic theory
When valuing a country’s currency in another country’s currency, fundamental analysis includes the study of macroeconomic indicators, asset markets, and political factors.
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Fundamental analysis: economic indicators
When valuing a country’s currency in another country’s currency, fundamental analysis includes the study of macroeconomic indicators, asset markets, and political factors.
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Step 4: Technical analysis
Basic theory of technical analysis
Technical analysis studies past price and transaction volume data, and then predicts future price trends.
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Technical analysis content
Technical analysis studies past price and transaction volume data, and then predicts future price trends. This type of analysis focuses on the composition of charts and formulas to capture major and minor trends
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Forex graphical analysis
Forex graphical analysis is an analytical method that predicts future foreign exchange market price trends by summarizing and summarizing past price evolution patterns on the price chart.
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Step 5: Forex City Teaching
Forex elementary Course: lesson 1
Foreign exchange is a foreign currency or a means of payment that can be used in international settlements expressed in foreign currencies.
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Forex elementary Course: lesson 2
In recent years, the reason why the foreign exchange market has been favored by more and more people and has become the new darling of international investors is closely related to the characteristics of the foreign exchange market itself.
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Forex elementary Course: lesson 3
Generally speaking, the vast majority of domestic foreign exchange investors participate in real transactions by domestic banks, and margin trading
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Forex elementary Course: lesson 4
The two main analytical methods of the currency market are fundamental analysis and technical analysis. Fundamental analysis focuses on the development of finance, economic theory, and political situation to determine supply and demand factors.
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Forex intermediate Course: Lesson 1
The daily volatility of foreign exchange prices in the international foreign exchange market is roughly between 0.8% and 1.5% (that is, one to two cents, 100 to 200 points in foreign exchange market terms)
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Forex intermediate Course: Lesson 2
Among the economic news that affect the volatility of the foreign exchange market, the monthly or quarterly economic statistics released by the U.S. government play the most important role.
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Forex intermediate Course: Lesson 3
In this intervention, almost all the member states of the European Community paid a high price. The German Central Bank spent more than 12 billion U.S. dollars
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Forex advanced tutorial: Lesson 1
Becoming a successful professional foreign exchange investor is not an easy task. What you need to cultivate is long-term, sustained and stable profitability.
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Forex advanced tutorial : Lesson 2
The foreign exchange market is a very risky market, and its risk is mainly that there are too many variables that determine the foreign exchange price.
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Forex advanced tutorial : Lesson 3
Compared with the stock and futures markets, the foreign exchange market has a short history, but in recent years a number of trading masters have emerged.
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Forex practical tutorial
Practical tutorial: how to become an excellent foreign exchange investor
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Step 6: Classic Case
Classical case: Bernard Opertit
BNP Paribas is part of the BNP Paribas Group, which is an international bank with branches in more than 60 countries around the world. The total assets of Paris Bar Group exceed US$269 billion.
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Classical case: Bill Lipschutz
In the late 1980s, Bill Lipschutz served as the head of foreign exchange trading at Salomon Brothers. Currently, he is a manager of Hather Sage Capital Management.
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Classical case: Pat Arbor
Pat Arbor has served as chairman of the Chicago Board of Trade since 1992, which is the world's largest and oldest futures and options exchange.
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Classical case: Jon Najarian
I found that top traders have a common trait, they love their job. Their perseverance and enthusiasm create the vitality of life, just like the strong wind blowing on a sailboat, and they do not pursue a special purpose.
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Classical case: David Kate
When he was only 24 years old, David Kate established his own trading company. At that time, the company's capital was only 25,000 pounds. Now, at the age of 36, he is the president of Kate Group and Kate Brokerage
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Classical case: Michael Marcos
Michael, Marcos has a research background. But he was more interested in practical operations. At first, he worked secretly, and then he simply resigned from the position of high-paying researcher to engage in foreign exchange and foreign exchange trading full-time.
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Classical case: Paul Tudor Jones
In the footsteps of the master of foreign exchange: Paul Tudor Jones
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Step 7: Account opening transaction
Opening foreign exchange margin account
Just as every other line is like a mountain, there are many terms and special titles in the margin trading market, as the saying goes, "you don't understand, but you don't know."
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Opening foreign exchange account
Foreign exchange has become a new type of asset form in the global investment field. According to the statistics of the Bank for International Settlements
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