The foreign exchange market is a very amazing thing. First of all, he has a bit of foreign exchange trading terms. A basic point is 4 digits after the decimal point, while the standard for a lot is 100,000 units. One small and one big, plus the exchange rate we can calculate the profit or loss.
Have you mastered the basics of getting started with Forex?
If you start a first-hand foreign exchange transaction, this means that you have entered the foreign exchange market. The foreign exchange market has some rules. It has a margin. We start trading by paying the margin. This is leverage, which can be simply understood as using a small part Use the money you want to leverage, which is similar to futures. Once you start trading, you need to know how to place orders. These orders are divided into ordinary and special orders. Ordinary orders are simple to place, and special ones include stop loss, stop profit, mobile stop loss, etc. There are double orders that can be operated in two different directions.
Of course, there are ordinary orders that are generally market orders, and there are reserved price orders that are limit orders, and some special orders are limit orders. These orders can guarantee your trading, you can set the forecast market after knowing the information, and special orders can free you to automatically trade when you are not convenient. Market orders are instantaneous. Of course, these orders are almost always provided by forex brokers, just to facilitate your trading.
Have you mastered the basics of getting started with Forex?
Then I have a more curious order is a mobile stop loss, which is set by setting stop loss points, so how do we set the profit and loss ratio, we must first pay attention to the market, you believe that today’s market will go up or down, more based on The ratio you judge can be set to a ratio of approximate profit and loss. Of course, this loss requires consideration of the margin, and we can’t drop the margin. This adjusts the previous profit and loss ratio based on the amount of margin.
