Foreign exchange traders buy low and sell high, just as stock traders buy low and sell high.
How to Check the exchange rate refers to the quotation of foreign exchange transactions.
A currency pair compares one currency to another and quotes it as a pair of currencies.
For example, the currency pair USD/JPY() is 120.00, which means that one US dollar is about 120.00 yen.
In this group of currencies, the dollar is, which has a value of 1.
If the exchange rate rises 120.00, it means that the dollar has risen against the yen;
If the exchange rate drops 120.00, it means the dollar depreciates against the yen.
Three: “idea” what is the point is the unit of calculation of profit and loss.
Most currency pairs (with the exception of the yen pair) are quoted to the fourth decimal place.
The fourth place after the decimal point is usually where traders look when calculating “thoughts.”
Each change in the quotation is a change of one point.
For example, if the dollar rises from 1.4022 to 1.4027, the dollar goes up five points four: What are the characteristics of the foreign exchange market? The foreign exchange market is non-stop trading in various countries around the world during office hours.
As a result, investors can buy and sell major currencies at any time 24 hours a day, and there are no specific trading hours you can buy and sell Unlike many other financial markets where it is difficult to sell leakage, there are no restrictions on selling foreign currencies.
If investors believe a currency will appreciate, they will buy it.
If you think a currency will depreciate, sell it.
This means that there is no so-called “bear market” in the foreign exchange market and investors can make profits (or losses) at any time.
With $5.3 trillion traded daily in the foreign exchange market and most trading concentrated in just a few currencies, there are often large numbers of people trading.
That made it difficult for traders to get in or out of the market at any time, even for small amounts. As risk appetite improved, stocks surged, gold tumbled, and oil plunged as much as 17 percent.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.