Chapter 679: Which Way (Page 1/1)

Li Zhongxin looked at Yeshan Zhengjun who was standing in an orderly manner below, a faint smile appeared on the corner of his mouth, and he said slowly: "Mr. Yeshan Zhengjun, if you have money in your hand now and let you operate, will you buy the dollar to appreciate, or will you buy the dollar to depreciate?"

I hope to speak to me according to the best answer in your heart.

This time, Zhongxin Mitsui Bank wants to conduct foreign exchange transactions, you are the expert I hired, and I will pay you a sum of money in advance for the operation of foreign exchange trading. ”

After listening to Li Zhongxin's words, a sadness that I don't know what expression appeared on his face.

He first looked at Li Zhongxin's sincere face, then thought for a moment and said: "I insist on my opinion just now, if there is no big accident, the price of the dollar against the yen will break through the important barrier of 240 yen per dollar, if I use my own money to operate, I will buy according to the judgment in my heart." ”

At this time, Yeshan Zhengjun still had some resistance in his heart to Li Zhongxin's problem and the matter of letting him buy foreign exchange, and he could hear it and feel that Li Zhongxin should have some understanding of his title of the road light in the foreign exchange market.

"Well, are you so sure that the price of the dollar against the yen will rise, even beyond the important threshold of $240 per dollar?" Li Zhongxin looked at Yeshan Zhengjun with a smile and asked jokingly.

"Doing foreign exchange trading, there is no 100% winning rate, but according to the recent trend and everyone is optimistic about the future appreciation of the dollar, I personally believe that the dollar against the yen rose to more than 240 yen, there should be no big problem, as for where to rise, or how much to rise, I have no way to guarantee, and I dare not even assure you, this time I am optimistic about the rise of the dollar against the yen." Noyama replied solemnly.

Noyama did not affirm his investment philosophy, but told Lee that through his analysis and market views, the goal of 240 yen per dollar should be achieved.

"Well, yes, very thoughtful, and I don't say for sure that the dollar will definitely rise against the yen, so I'm very optimistic about you. Since your analysis is very good, let's experiment with a simple purchase of some and a few small operations. Li Zhongxin said to Noyama Zhengjun with a smile.

Li Zhongxin is very satisfied with this attitude of Noyama Zhengjun, and Li Zhongxin probably knows some of the trend of the dollar against the yen at this time, but it's just that! But he couldn't talk to Noyama Masajun.

"Well, since Zhongxinjun wants to engage in foreign exchange trading, and has the idea of doing a big job, then, it is a very good idea to make a small amount of orders appropriately, how much money are you going to invest in this first purchase? Are you going to trade US dollar futures or spot futures? ”

Noyama asked solemnly.

Yeshan Zhengjun knew in his heart, Li Zhongxin said when he talked to him that he had not operated foreign exchange trading before, and many rules required him to explain to Li Zhongxin, since Li Zhongxin wanted to invest a little, then he had to ask about this matter.

"Tell me about forex futures trading! Let me judge what kind of thing we are going to do. Li Zhongxin's fingers tapped the handle on the seat slightly, and he said indifferently.

If you don't understand, ask.

Now an expert who understands these things will explain these things to him faster than he can compare the book with a book, and will know better what kind of deal he is going to make.

"Faithful King, let me tell you this! Foreign exchange futures are centralized forms of futures exchanges, where two parties buy or sell another non-national currency in one non-national currency through open outcry, and enter into a contract to deliver a standard amount of foreign exchange at an agreed price at a certain date in the future.

In May 1972, the Chicago Mercantile Exchange officially established the International Money Market Division, launched seven foreign exchange futures contracts, and began the innovation of the options market.

Since 1976, the foreign exchange futures market has developed rapidly, and the trading volume has surged dozens of times. In 1978, the New York Mercantile Exchange also added foreign exchange futures business, and in 1979, the New York Stock Exchange announced the creation of a new exchange to specialize in foreign currency and financial futures.

In February 1981, the Chicago Mercantile Exchange opened its first Eurodollar futures trading. Subsequently, Australia, Canada, the Netherlands, Singapore and other countries and regions also opened foreign exchange futures trading markets, and since then, the foreign exchange futures market has flourished.

At present, the main varieties of foreign exchange futures trading are: US dollar, British pound, euro, Japanese yen, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar, etc. From a global perspective, the main market for foreign exchange futures is in the United States, which is basically concentrated in the International Money Market (IMM) of the Chicago Mercantile Exchange and the Philadelphia Futures Exchange (PBOT).

The international currency market mainly trades futures contracts in the Australian dollar, British pound, Canadian dollar, euro, Japanese yen and Swiss franc;

The Philadelphia Futures Exchange mainly trades the euro, the British pound, the Canadian dollar, the Australian dollar, the Japanese yen, the Swiss franc, and more.

In addition, the main exchanges of foreign exchange futures are: London International Financial Futures Exchange (LIFFE), Singapore International Currency Exchange (SIMEX), Tokyo International Financial Futures Exchange (TIFFE), France International Futures Exchange (MATIF), etc., each exchange basically has futures contracts traded in its own currency and other major currencies.

In the foreign exchange market, there is a traditional way of forward foreign exchange trading, which has the same or similar aspects as foreign exchange futures trading in many ways, and is often mistaken for futures trading.

Here, it is necessary to make a simple distinction between them. The so-called forward foreign exchange transaction refers to the transaction method in which the two parties agree to settle a certain amount of a certain amount of foreign exchange at the exchange rate determined at the time of the transaction at a certain date in the future.

Forward foreign exchange transactions are generally concluded by banks and other financial institutions by telephone, fax, etc., and the transaction quantity, term, and price are freely negotiated, which is more flexible than foreign exchange futures.

When hedging, forward transactions are more targeted and can often hedge all risks. However, the price of forward transactions does not have the openness, fairness and impartiality of futures prices.

Nowadays, users in Tokyo generally choose futures contracts, large banks and other financial institutions! When I was in China, I generally chose the forward foreign exchange trading mode.

Spot foreign exchange trading is also known as "spot foreign exchange trading". When foreign exchange trading is established, the foreign exchange business of receipt and payment shall be handled on the same day or within two business days. This kind of behavior of handling receipt and payment is called delivery, that is, one party delivers a currency, and the other party delivers foreign exchange, "money and goods are cleared". The eligible delivery date must be a business day in both countries where the currency is issued. If it is a holiday, it should be postponed to the next business day.

You are now a banking institution, and you can choose from all of these options. Noyama Zhengjun told Li Zhongxin about the existing transaction model and waited for Li Zhongxin's answer.

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