One, set up a set of perfect trading
system; Second, wait for a reversal of the form or signals appear; Third, the
entry point is to choose the breakthrough moment still choose after the timing
of the breakthrough callback; Related books
Four, want to enter the market, first find
a stop (namely history as one of the most powerful pressure or support level);
Five, according to rise or fall the callback 50% a market; Six, choice, should
see entry time whether KDJ golden forks and MACD or die fork (MACD is in turn
by big small also or turn from small to big); Seven, according to the sequence
(gann 3 and 5, 4, 7, 13...) And time window judgment day line market (generally
in 15 easily reversed, the first half of the second half to six, eight, 2100;
to tertiary; god number 15 standing among); Eight, the breakthrough or
channels, the long-term trend is often the beginning of a wave of new market.
Foreign exchange market
The foreign exchange market is the world's
largest financial product market, the average daily trading volume in September
2007 to 3.2 trillion dollars, equivalent to the United
States securities market, China 's stock market is 30 times
the average daily volume 600 times. Daily said forex trading is refers to the
simultaneous purchase of a pair of monetary combination a currency and sell
another currency exchange transaction mode. On the international market, all
kinds of money mutual exchange rate fluctuations in currency against, and
frequently, such as form trade dollars or euro/dollar/yen. The foreign exchange
market the main advantage lies in its transparency is higher, because
heavyvolume, main funds (such as government reserves, transnational consortium
capital remittances, foreign exchange fund operation, etc) speculators to
market exchange rates changes influence ability is very limited. On the other
hand, to exchange rate fluctuations, can see the fundamental analysis is usually
played a great influence by the governments of important data (such as
published GDP, central bank interest rate), senior government officials of
talk, or international organizations (such as the European central bank) news
releases. The foreign exchange market no specific locations, have no central
exchange, are all transactions in between the bank through the network. The
world of any financial institutions, government or personal 24 hours per day at
any time can participate in trade.
The central bank
Responsible for issuing their currencies,
making money supply the forehead, hold and scheduling foreign exchange
reserves, maintain the domestic and foreign currency, in the value of the
floating exchange rate system, central Banks were on the foreign exchange
market, are often forced to buy or sell foreign exchange to interventions in
the currency market, in order to maintain the market order. For example: the
United States, Japan, Germany, Britain, France, Canada and Italian industrial
organization composed of seven (G7), often held high central bank
Peak meeting, the exchange rate for major
currency exchange rate fluctuations with agreement, the amplitude limit. Due to
the joint intervention, make G7 often dollar stability; Sometimes in order to adjust
the central bank monetary policy standard, or need, on the open market
intervention, intervention is basically and market mass hold different
position, usually without specific factors, the central bank is not active
provoked an intervention. Usually the central bank intervening in only receive
a temporary effect, make the exchange rate change speed from rise or drop too
fast, but can't change the long-term basic trend.
bank
In any one place, no matter whether a
foreign exchange of the main market, general small cash sales, cash the check
all by bank monopoly, nearly all the major business of foreign exchange
department bank is to the business deals and financial transactions from
customer assets and liabilities a currency converted to another currency, the
conversion can SPOT transactions (SPOT), or FORWARD transactions (FORWARD) the
method, because involved in foreign exchange trading bank numerous foreign
exchange business, so it has growing popularity.
Foreign exchange brokers
Foreign Exchange and the stock market is
same, any active markets, there are many in the United States called the broker
Dealer) role (Exchange, only for a commission for purpose, for the customer and
contact foreign Exchange trading in Exchange agreed between buyers and sellers,
and co-opted rub close, through foreign-exchange brokers to consult, directly
or indirectly buying and selling. Foreign exchange brokers and agents, itself
does not bear foreign exchange trading profit and loss risk, it is engaged in
work for the price intermediary Fee or Commission income (a Broker top),
foreign exchange market supply and demand for foreign exchange brokers familiar
situation, news and chart analysis, and exchange rate fluctuations and changes,
so investors trading process to use.
fund
Such institutions nature of basic and same,
have different broker [it] is also own business, often with itself, to the
customer to be selective trade profit risks, and Banks and brokers often also
is its trading object.
Foreign exchange the supply and demand of
Because trade dealings, import and export
business in commodity output or input, and the settlement after payment for
goods transportation, insurance, travel, studying abroad and foreign bonds,
securities, fund business, such as interest payments arising from the foreign
exchange providers and demanders.
Currency investors
The so-called currency investors for
forecasting the exchange rate fluctuations to SPOT), remote SPOT (FORWARD)
futures or remitted (FUTUERS) trading foreign exchange (way, taking a few large
foreign exchange trading margin in bullish outlook, at first, buy, sell,
bearish, after selling repair back first, with tiny fluctuation pursuant to the
price difference between, obtain earn foreign currency investors starting, so
often also is the main foreign exchange supply and demanders.