Foreign Exchange School

  The Turtle Trading Rule was created by the famous trader Richard Dennis and is one of the few accepted mechanical trading rules that can consistently generate profits. Richard Dennis taught this rule to 13 junior traders and set aside funds for them to use.

  In order for trading to generate profits, Forex traders must develop workable trading strategies through trial and error. We also have different personalities, and after trading in the Forex market, we may generate very different trading styles, which are all...

  The reversal pattern is introduced here, and sometimes the market details (the story behind the price) are mentioned in passing. Describing foreign exchange in foreign exchange language is closer to the market and will also get more details. The following are all examples of reversals 1. The classic reversal pattern price falls near the support line...

  Forex technical analysis is an important means to infer future exchange rate trends and make trading decisions with the help of various analytical tools. Forex technical analysis mainly includes five types: K-line type, pattern type, wave theory, indicator type and tangent type. (1) K-line type foreign exchange K-line chart, also known as candlestick chart, is a bar-shaped line composed of shadow lines and entities. The former represents the lowest price and highest price of the day's transaction, and the latter represents the opening price and closing price. K-line chart is further divided into daily K-line, weekly K-line...

  In the field of technical analysis of foreign exchange, the use of foreign exchange chart patterns to analyze the continuation or reversal of price movements occupies an important position. Let's first learn the characteristics of three common foreign exchange charts. They all express the same meaning, but the intuitive feeling and detailed information are different. Candlestick chart: It has four elements, namely the opening price, the closing price, the highest price and the lowest price. It is also the most commonly used and most dynamic chart type. Line chart: From each time...

  The foreign exchange market is the largest financial marekt in the world. Many foreign exchange traders make a lot of money from it, but at the same time, many foreign exchange traders lose a lot. For many foreign exchange investors, improving the security of foreign exchange trading is far more important than making profits immediately. The security of foreign exchange trading is very important to foreign exchange investors. So, what methods can effectively improve the security of foreign exchange trading and minimize the trading losses of beginners in foreign exchange speculation?

  Changes in interest rates have an important impact on the foreign exchange market. Here are some common influencing factors: 1. Spread Effect: Changes in interest rates can cause changes in interest rate differences between different countries. When interest rates in a country rise, the currency of that country may become more attractive relative to those of other countries because it can offer higher returns. This may lead to an appreciation of the country's currency. 2. Investment Liquidity: Rising interest rates may increase the attractiveness of investing in the country...

  For Forex traders, there are various effective trading strategies in the Forex market. If one were to choose one of the simplest and most feasible trading strategies from the wide variety of profitable trading strategies, it would be: horizontal positions and price action trading strategies. Traders can trade these signals by plotting important horizontal positions on the trading chart and then watching and waiting for price action signals near these important horizontal positions. Why is horizontal position so important...

  Forex pip value is an important concept in forex trading. It represents the smallest unit of change in the price of foreign exchange. In forex trading, the price of a currency pair is usually presented in the form of four or five decimal places, such as 1.1234 or 1.12345. These decimal points are the forex pip value. The size of the forex pip value depends on the different currency pairs. For most major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, the forex pip value is...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 31, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1779 yuan for 1 US dollar, 7.6480 yuan for 1 euro, 4.8433 yuan for 100 yen, 0.91783 yuan for 1 Hong Kong dollar, 8.7639 yuan for 1 pound, 4.5963 yuan for 1 Australian dollar, and 4.5963 yuan for 1 New Zealand dollar for the people.

  In the foreign exchange market, there are many kinds of mistakes that traders who speculate on foreign exchange often make. Here are some common mistakes: Make decisions driven by emotions: Forex traders are often driven by emotions such as greed, fear, anxiety, etc., which leads to making wrong trading decisions. They may chase the trend of rising or falling prices without considering the fundamentals and technical indicators of the market. Overtrade: Some Forex traders trade too frequently, resulting in an increase in trading costs and a decrease in profits...

  Criteria for Choosing a Currency Pair for Carry Trading Finding the right currency pair for carry trading is very easy. As long as the following two points can be met, we can consider carrying trading. 1. Find a currency pair with a high interest spread 2. Find a currency pair that remains stable, or find a currency pair that is in an uptrend and has a high yield currency that keeps appreciating in the currency pair. Simple, right? Let's look at a real example of carry trading. The chart above is a weekly chart of AUD/JPY....

  Stop loss is an indispensable part of foreign exchange trading. It can protect the safety of traders' funds and avoid further expansion of losses. The method of setting stop loss can be selected according to different trading strategies and market conditions. The following are 8 methods of stop loss. Tips Method 1: Pressure level support level Stop loss After the order enters the market, look for the pressure above or below this level and set a stop loss. Short orders set the stop loss above the pressure position, and multi-order stops are set below the support position...

  In foreign exchange trading, a support level refers to an area or price level where, after the price falls to a certain level, it encounters support and it is difficult to continue falling. A support level is usually a price level or area where there is a lot of buying at this price level or area, resulting in selling orders that are difficult to break through, thus forming a support to support the price falling. The formation of a support level is usually related to market psychology and technical analysis. When the price falls to a relatively low level, buyers begin to enter the market in the hope of buying...

  As an important means of international trade and investment, foreign exchange trading has become one of the core activities of global financial marekt. The high liquidity and 24-hour trading hours of the foreign exchange market make it an ideal choice for investors to pursue high returns. Foreign exchange trading has huge potential gains, but it also comes with high risks. This paper aims to explore the risks of foreign exchange trading, including market risk, credit risk, liquidity risk and operational risk, and provide corresponding risk management measures,...