How to speculate in foreign exchange? How to calculate the profit?

1, foreign exchange trading: the act of arbitrage by buying low and selling high through currency exchange is called foreign exchange trading, which is what we usually call foreign exchange speculation.

2. "Point": In foreign exchange margin trading, the smallest unit is called "point".

For example, the euro-dollar currency pair fluctuates from 1. 1 120 to 11,that is,1point, and the dollar-yen currency pair fluctuates from129.644.

For example, the fluctuation of 50 points, such as euro/dollar1.11. 170 or 1. 1 120 to/kloc.

3. "Point value": In the case of 1 standard hand, the fluctuation of 1 point (regardless of the leverage multiple of the trading platform) is the fluctuation of 10 USD, so 50 points is the fluctuation of 1 standard hand of 500 USD.

4. "Calculation of foreign exchange profit and loss": Because foreign exchange is a two-way trading mechanism, we can buy up and buy down in foreign exchange transactions, so we can only make money if we are sure and the market direction is correct, otherwise we will lose money;

For example, if we choose to do more Euros against the US dollar, and the range of Euros against the US dollar is 1. 120 to 1.170, we will gain 50 points, and the standard hand of1is $500, and vice versa.