The newcomer to speculation foreign exchange introductory knowledge (eight)

Newcomer to speculation forexcashbackprofitcalculator cashbackforexpipcalculator introductory knowledge: Chapter 4 personal live foreign exchange trading introduction speculation how to make money experts free guidance bank gold cashback forex profit calculator silver TD opening guide bank gold and silver simulation trading software set gold number desktop line intelligence tools a. What cashbackforexprofitcalculator personal foreign exchange trading? Personal foreign exchange trading, refers to the individual customers in the bank to freely convertible foreign exchange (or foreign currency) between the transaction personal foreign exchange trading generally has a real and virtual disc of the current according to the relevant national policies, can only carry out real foreign exchange trading, can not be virtual foreign exchange trading Second, in foreign exchange trading, should first pay attention to what issues? (1) banks generally do not do fractional currency trading, some banks also specify the minimum limit of foreign exchange trading; (2) foreign exchange trading, customers in the withdrawal of foreign currency cash, there may be a fractional amount of each currency, the general bank according to the day the purchase price of RMB into RMB to pay customers; (3) banks personal foreign exchange trading business in the normal working day for the international market closed, public holidays, holidays are generally not (4) If non-bank responsibility, such as accidents, disasters, power outages and other non-human factors lead to the interruption of foreign exchange trading, the bank does not bear any responsibility 3. No. Personal foreign exchange trading business is a live transaction, the purchase and sale of currency must actually receive and pay the bank for personal foreign exchange trading requires customers to have sufficient cash or foreign currency account has enough money to sell the amount of currency, does not allow customers to overdraft trading behavior Fourth, personal live foreign exchange trading business and the traditional savings business what is the difference? The traditional savings business is a kind of access business, to earn interest for the purpose of personal live foreign exchange trading is a kind of trading business, to earn the exchange rate difference for the main purpose, at the same time customers can also through the business to their foreign currency holdings for more appreciation potential or higher interest foreign currency, in order to earn the difference in exchange rate fluctuations or higher interest income V. How to interpret the quotation of personal foreign exchange trading? The quotation of personal foreign exchange trading uses the format of A/B A is the currency being quoted (which can be regarded as a commodity) and B is the currency being quoted (which can be regarded as a currency) l All quotations are from the banks point of view l A/B is read as A against B l Bid price - indicates the amount of currency B paid by the bank for buying 1 unit of currency A l Ask price - indicates the amount of currency B received by the bank for selling 1 unit of currency A l Example. Bid price Ask price USD/JPY 117.50118.00 EUR/USD 0.91670.9190 Customers selling USD to buy JPY, with 117.50; customers selling JPY to buy USD, with 118.00; customers selling EUR to buy USD, with 0.9167; customers selling USD to buy EUR, with 0.9190 VI. Can individual live foreign exchange trading be revoked once the deal is made? According to the international foreign exchange market practice, the steps of foreign exchange transactions are inquiry, quotation, transaction, confirmation (transaction rate, the name of the currency of purchase and sale, the amount of purchase and sale) Once the transaction, the level of exchange rate, transaction amount, transaction currency and other details have been determined, binding on both sides of the transaction, can not be reversed, and can not be revoked because the foreign exchange market exchange market is rapidly changing, China Merchants Bank will be the formation of customer trading transactions Even if the market exchange rate does not change much after the customers transaction is completed, China Merchants Bank cannot cancel the foreign exchange transactions made with foreign banks, so it cannot be offset for the customer at the transaction price at that time. Therefore, once the individual real foreign exchange transaction is concluded, it cannot be revoked. After completing a transaction, the banks computer system immediately and automatically completes the settlement of funds, which means that if the market is volatile, investors can seize multiple profit opportunities within a day. Can customers entrust the bank to make decisions and buy and sell on their behalf? No, China Merchants Bank temporarily does not accept customers entrusted to the banks foreign exchange trading agent If the policy allows, we will launch this service in due course Appendix: Technical indicators formula and application: 1. B(RS) D=C+1 E=100÷D*N days RSI=100-E RSI calculation method: [yesterdays A cashback forex (or B value) 5 + todays up (down) points]/6 Note: the general RSI calculation method, when the six-day RSI indicator above 85, or below 20, is a serious overbought, oversold signal and the use of the above method of calculation, when RIS indicator above 90 or below 15, is a serious overbought and oversold signal Research skills: RSI has been commonly used for the market, is one of the main technical indicators, its main feature is to calculate the power of buyers and sellers within a certain period of time, as an overbought, oversold reference with K-line charts and other technical indicators (three to five) together, so as to avoid premature selling or buying, resulting in less profit and more loss Loss (a) to six-day RSI value, for example, more than ninety for overbought, fifteen below for oversold, in the strong rise can be sold near ninety or M-head, in a sharp decline in the fifteen near the bottom of the W buy (b) in the price of new highs, while RSI also new highs, that the market is still strong, if not new highs for the selling signal (c) in the price of new lows, RSI also new lows, then (d) consolidation period, a bottom than a bottom high, for the long potential strong, after the potential may rise again a period, is the time to buy, the opposite of a bottom than a bottom low is the time to sell 2. According to the long and short two different periods of the average between the value of the divergence change, to study the market application should first calculate the fast (12 days) moving average value and slow (26 days) moving average value to these two values, as a measure of the two (fast and slow lines) between the "divergence" based on the so-called "divergence" (DIF) that is 12 days EMA value minus 26 EMA value Therefore. In a sustained upward trend, the positive difference between the 12-day EMA and the 26-day EMA (+DIF) will become larger and larger, while in a downward trend, the difference may become negative (-DIF) and larger. EMA) In the MACDs exponential smoothing moving average calculation method, the weight of the most recent day is added respectively 12-day EMA calculation: EMA12=(previous day EMA1211÷13+todays close2÷13) 26-day EMA calculation: EMA26=(previous day EMA2625÷27 + todays close 2÷27) Calculation of the difference in value (DIF): DIF=EMA12-EMA26 Then calculate its 9-day EMA based on the difference in value, that is, the "difference in average value" MACD (previous day MACD8÷10 + todays DIF2÷10) The calculated DIF and MACD are both positive or negative, and Thus the formation of two fast and slow lines moving up and down the 0 axis, in order to facilitate the judgment, you can also use DIF minus MACD to draw the bar chart As for the calculation of the moving period, different commodities still have different number of days in the foreign exchange market, some people use the 25-day and 50-day EMA to calculate the difference between the value 3. The stochastic indicator combines the advantages of momentum, strength and weakness indicators and moving averages. To calculate the value of the stochastic indicator, from the nine-day cycle, for example, first find the highest price, lowest price and the closing price of the ninth day, and then use the three numbers to calculate the ninth days price. These three numbers are then used to calculate the ninth days immature stochastic value (RSV) RSV=(9th days closing price - lowest price in the last 9 days)÷(highest price in the last 9 days - lowest price in the last 9 days)100 After calculating the immature stochastic value (RSV), the K and D values are then calculated according to the smoothed moving average method The current days K value = 2/3 of the previous days K value + 1/3 of the RSV If the previous days K and D values are not available, you can use 50 to calculate them separately. After a long period of smoothing, the starting base period will be the same and there will be no difference. Some experts recognize these shortcomings and have developed some more advanced technical theories to bring the application of moving averages to the forefront. One of the representative masterpiece immature stochastic value with 9 days in the high and low prices, closing price changes and different if the market is a clear upward trend, will drive the K line (fast average) and D line (slow average) to rise such as upward trend began to slow, it will react to the K value and D value, so that the K value fell below the D value, then the short and medium-term downtrend established KD line is essentially a random fluctuations in the concept, for grasp the short and medium-term market trend is very correct, so it can be said to be a very practical tool 1). When the K value is greater than the D value, it shows that the current trend is upward, so when the K line breaks through the D line on the graph, it is a buy signal 2). When the D value is greater than the K value, it indicates a downward trend, so a downward break of the K line below the D line on the graph is a sell signal 3). Only the crossover between the K line and the D line must be above 80 and below 20 for the signal to be correct 4). Divergence phenomenon: price new high or new low, but the KD does not have this phenomenon, is also an important precursor of reversal