readx; Tang Xiao chose the foreign exchange varieties that he was ready to trade, and registered a demo account online, with an initial capital of 5000USD and 100 times leverage. Pen, fun, and www.biquge.info

In the foreign exchange market, if the economy wants to develop steadily, the country's currency will generally remain stable, so the performance of currency pairs in the foreign exchange market will generally have a stable trend. Of course, there are exceptions, such as crashes. Human error puts the currency under pressure, when the pressure or the pressure is relieved, there will always be an unexpected performance, usually a few hundred points a day of fluctuations has been very large, in these special days, there are often thousands of points of volatility, and in the transaction of currency pairs, most of them represent 30% ~ 40% fluctuations, the time of occurrence, less than a few seconds, waterfall fall, rocket rise. Some people are fortunate enough to see this moment in history, according to the calculation of 100 times leverage, 10% position, 30% volatility, in a few seconds, either liquidation, or capital growth 3 times. In the foreign exchange market, if you don't stop the loss, you will die miserably, and there is not even scum.

Tang Xiao called this kind of black swan event "the punishment of history", impulsiveness and greed always have to pay a price. White swans are not terrible, and the appearance of "blackswan" is decisive and fatal. How to avoid black swan events, there are still methods, but there are some ways to treat the symptoms but not the root cause, such as light position loss, such as locking positions at key points and waiting for the opportunity. Although he has not actually operated it, he has studied a lot of trading strategies and methods.

North Sea Brent crude oil, dollar index, international gold, Europe and the United States, Australia and the United States, the United States pound, the United States and Canada, the United States and Japan, the United States and the United States and the United States are the nine varieties of the trading range set by Tang Xiao for himself, downloaded the foreign exchange simulation trading software MT4 (MetaTrader4), entered the account password, added the nine varieties to the "optional", familiar with the use of the software, tried to place an order, and finally did not press the confirmation.

The basic unit of forex trading is a standard lot, but due to the huge leverage effect, the smallest trading unit of 0.01 standard lot is derived. In fact, this is nothing, the maximum leverage of 500 times, if you choose so, make a 0.01 standard lot, the actual effect is 5 times the leverage, to a large extent to reduce the risk of reverse fluctuations in the market.

There is another software related to MT4, that is, MT5 (MetaTrader5), seeing 4 and 5, many people will take it for granted that one is an upgraded version of the other, the real situation is not the case, the specific difference, you can query the relevant information.

In the past week or two, the foreign exchange market has been relatively stable, rising and falling, all of which are moving along the trend line, but the amplitude is not small, and the risk of chasing up and down is too great, and there is no need to make a move. The financial market, if you talk about trading, is complicated and complex, easy and easy. To put it simply, abide by the six-character principle of "light position, homeopathy, and stop loss", so that you can maintain a good attitude, and it is easy to get up again if you fall. The foreign exchange market is unpredictable, and sometimes under the influence of heavy news, the price will change straight up and down, and if you don't operate lightly, it is easy to hit the stop loss position. Value determines the price, the price fluctuates up and down around the value, if the position is light, set a good stop loss, the probability of transaction failure will be smaller, after all, the market has been moving forward in waves.

The foreign exchange market is a place of constant choice, gain or loss, a thought, is a completely different ending.

Tang Xiao turned off the computer, starting from this forex demo trading account, he will take the first step towards freedom, perhaps this is a bumpy and endless road.

The current economic environment is in the shadow of the financial crisis, and most countries around the world have adopted QE (quantitative easing) in order to recover their economies. Increase liquidity in an appropriate amount and inject fresh blood into the prosperity of the economy. In this case, the increase in liquidity leads to an increase in the inflation rate. The larger the QE, the faster the local currency will depreciate.

In this case, among the nine trading varieties selected by Tang Xiao, the easiest ones to do are gold and crude oil: the implementation of the QE policy and the rise in the inflation rate will make the anti-inflation effect of gold play to the fullest; The prospect of economic recovery and the depreciation of the US dollar will also make international crude oil prices rise. At this moment, the best investment strategy is: long gold and crude oil, medium and long-term holding, what is missing is short-term timing.

In the foreign exchange market, there are many people who look in the right direction, and few people who can make money. There are several reasons: high leverage, the range of fluctuations that can be tolerated is very small, and if you don't pay attention to it, you will blow up, and many people hang on the eve of dawn; It is divided into three time periods: Asian, European and U.S. markets, and the fluctuations of the three ranges are often different, which is easy to shake confidence; Many people's assets are not idle and need to be withdrawn from time to time, which also leads to seeing the right direction but not being able to hold on to the moment of victory. For short-term trading, there are not many people who can survive in the foreign exchange market, because the more frequent the transaction, the greater the impact of high leverage and high fees, and the faster the speed of devouring the principal.

I don't know when it started, since the introduction of leverage, the entire financial and derivatives market, the handling fee has become more and more expensive. Assuming 30 times leverage, trading precious metals, 20% of the position, 1% of the commission, it seems reasonable, let's do the math now. The principal is 50,000, the position is 20%, and the leveraged funds are 300,000, and 1% is 3,000, accounting for 30% of the margin and 6% of the total assets. A simple transaction results in a loss of 6% in total direct equity. It's easier said than done to survive in such a market. As we all know, if the asset is 1 million, the loss of 50% is 500,000, but if you want to return to 1 million, you have to earn 100%, which shows that the safety of the principal is the most important, and the high handling fee cannot be ignored. Correspondingly, under the same fee standard, the higher the leverage, the greater the amount of funds that can be raised, the greater the capital loss generated by only the handling fee, relative to securities companies, futures companies, fund companies, foreign exchange companies, asset management companies, they most hope is to continue trading, the greater the frequency of short-term trading, the higher the income from the handling fee, watching investors continue to consume their own assets on the handling fee, they are very happy.

This is also an important reason why it is difficult to survive in short-term trading in the financial market, unless it is a small stop loss, in exchange for a large profit, otherwise, like a small loss and a small profit, after a long time, it will naturally die on the consumption of handling fees. Medium and long-term trading, to put it bluntly, does not consider human analysis factors, even if it is regarded as a coin toss, the winning rate is about 100%, combined with its own analysis, grasp the macroeconomic situation, only from the degree of probability, it will be higher than 50%, so that the expected value of an investment is greater than 0.