What is Lot in Forex

In the past, spot forex was only traded in specific amounts called lots. The standard size for a lot is 100,000 units. There are also a mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units respectively.

LotNumber of Units
Standard100,000
Mini10,000
Micro1,000
Nano100

As you may already know, the change in currency value relative to another is measured in “pips,” which is a very, very small percentage of a unit of currency’s value. To take advantage of this minute change in value, you need to trade large amounts of a particular currency in order to see any significant profit or loss.

Let’s assume we will be using a 100,000 unit (standard) lot size. We will now recalculate some examples to see how it affects the pip value.

  1. USD/JPY at an exchange rate of 119.80(.01 / 119.80) x 100,000 = $8.34 per pip
  2. USD/CHF at an exchange rate of 1.4555(.0001 / 1.4555) x 100,000 = $6.87 per pip

In cases where the U.S. dollar is not quoted first, the formula is slightly different.

  1. EUR/USD at an exchange rate of 1.1930(.0001 / 1.1930) X 100,000 = 8.38 x 1.1930 = $9.99734 rounded up will be $10 per pip
  2. GBP/USD at an exchange rate or 1.8040(.0001 / 1.8040) x 100,000 = 5.54 x 1.8040 = 9.99416 rounded up will be $10 per pip.

Your broker may have a different convention for calculating pip value relative to lot size but whichever way they do it, they’ll be able to tell you what the pip value is for the currency you are trading is at the particular time. As the market moves, so will the pip value depending on what currency you are currently trading.

What the heck is leverage?

You are probably wondering how a small investor like yourself can trade such large amounts of money. Think of your broker as a bank who basically fronts you $100,000 to buy currencies. All the bank asks from you is that you give it $1,000 as a good faith deposit, which he will hold for you but not necessarily keep. Sounds too good to be true? This is how forex trading using leverage works.

Forex Lots

The amount of leverage you use will depend on your broker and what you feel comfortable with.

Typically the broker will require a trade deposit, also known as “account margin” or “initial margin.” Once you have deposited your money you will then be able to trade. The broker will also specify how much they require per position (lot) traded.

For example, if the allowed leverage is 100:1 (or 1% of position required), and you wanted to trade a position worth $100,000, but you only have $5,000 in your account. No problem as your broker would set aside $1,000 as down payment, or the “margin,” and let you “borrow” the rest. Of course, any losses or gains will be deducted or added to the remaining cash balance in your account.

The minimum security (margin) for each lot will vary from broker to broker. In the example above, the broker required a one percent margin. This means that for every $100,000 traded, the broker wants $1,000 as a deposit on the position.

How the heck do I calculate profit and loss?

So now that you know how to calculate pip value and leverage, let’s look at how you calculate your profit or loss.

Let’s buy U.S. dollars and Sell Swiss francs.

  1. The rate you are quoted is 1.4525 / 1.4530. Because you are buying U.S. dollars you will be working on the “ask” price of 1.4530, or the rate at which traders are prepared to sell.
  2. So you buy 1 standard lot (100,000 units) at 1.4530.
  3. A few hours later, the price moves to 1.4550 and you decide to close your trade.
  4. The new quote for USD/CHF is 1.4550 / 1.4555. Since you’re closing your trade and you initially bought to enter the trade, you now sell in order to close the trade so you must take the “bid” price of 1.4550. The price traders are prepared to buy at.
  5. The difference between 1.4530 and 1.4550 is .0020 or 20 pips.
  6. Using our formula from before, we now have (.0001/1.4550) x 100,000 = $6.87 per pip x 20 pips = $137.40

Remember, when you enter or exit a trade, you are subject to the spread in the bid/offer quote. When you buy a currency, you will use the offer or ask price and when you sell, you will use the bid price.

Next up, we’ll give you a roundup of the freshest forex lingos you’ve learned!

什么是手数,杠杆率,盈利和亏失

在过去,外汇现货市场是以“手Lots”作为基本合约,来进行交易。一手的标准大小是100,000 单位。当然现在还有“迷你手Mini Lot”,“微型手Micro Lot”和“毫微手Nano Lot”,它们的大小分别是10,000,1,000和100 单位。

单位数目
标准
100,000
迷你
10,000
微型
1,000
毫微
100

就像你已经知道的,货币的汇率是用“点”来计算的,这是货币汇率的最小单位。为了能更好的利用这些微小的波动,你需要对某些货币进行大数额的买卖,才能看到明显的盈利或亏损。

现在我们使用一个100,000单位(标准手)的合约来示范。我们现在将重新计算一些例子,看看1标准手的单位是如何影响点的价值。

1. 美元/日元的汇率为119.80(0.01 / 119.80)× 100,000 = $ 8.34 /点

2. 美元/瑞士法郎的汇率为1.4555(0.0001 / 1.4555)× 100,000 =$ 6.87 /点在报价的基础货币不是美元时,公式会略有不同。

1. 欧元/美元的汇率为1.1930(0.0001 / 1.1930)× 100,000 = 8.38
x 1.1930 =$ 9.99734     进位为 $ 10 /点

2. 英镑/美元的汇率为 1.8040(0.0001 / 1.8040)× 100,000 = 5.54
x 1.8040 =$ 9.99416     进位为 $ 10 /点

你的经纪商可能对不同“手数”的大小合约,会有不同的“点值”计算方法。但无论他们怎样做,他们都能够告诉你,在特定时间你所交易的货币点值是多少。

随着市场的波动,点的价值将会依着货币一同变化。

杠杆率到底是什么鬼东西?

你肯定会觉得疑惑,像你这样的的小投资者,是如何可以交易如此金额庞大的合约。想象你的经纪商就像银行般,它先贷款$100,000让你购买货币。而银行只要求你先付给它$1,000的信用保证金,经纪商会帮你代存这些货币,但不一定会帮你永久留着。似乎听起来好得令人难以置信?这就是使用杠杆来交易外汇的情形。

Leverage

 
       你使用杠杆率的金额,将取决于你的经纪商和你个人觉得舒适的比例。通常情况下,经纪商会先要求一笔交易的押金,也称为“保证金账户”或是“初始保证金”。一旦你将你的钱存入,你就可以开始进行交易。经纪商也有可能会注明,他们要求的每一交易(手)的金额。例如,如果经纪商允许的杠杆比例是100:1(或是要求,交易金额的1%),而您想要成交一个的价值$100,000的仓位,但您只有$5,000在您的账户里。这没问题,你的经纪商将扣留你$1,000作为抵押,或称为“保证金”,然后让你“借贷”其余的$90,000。当然,任何的亏损或盈利,将在您帐户中剩余的金额,直接扣除或添加。

 

每个经纪商对于每一手交易,都有着不同最低标准的押金(保证金)。在上面的例子中,该经纪商要求1%的保证金。这意味着,每交易$100,000的仓位,经纪商都要求扣留$1,000的押金。

我到底该如何计算盈利和损失?

所以,现在你已经知道如何计算点值和杠杆了,让我们看看如何计算你的盈利或亏损。

假设我们买入美国美元,同时卖出了瑞士法郎。

1. 你的汇率报价是1.4525/1.4530。因为你是买进美国的美元,所以你要以1.4530的“询问”价来下单,或者以其他交易者预备卖出的利率来下单。

2. 所以你在1.4530买进1手(100,000单位)。

3. 几个小时后,价格上升到1.4550,您决定关闭仓位。

4. 这时美元/瑞郎的新报价为1.4550 / 1.4555。现在你要关闭你的仓位,而当初是买进了货币而开启的仓位。你现在需要卖掉货币才能关闭仓位,所以你必须“标上”1.4550的卖出价。这是多数交易者们会买进的价位。

5. 由1.4530到1.4550之间,共相差0.0020或20点。

6. 使用我们之前的公式,我们现在有(.0001/1.4550)× 100,000 = 6.87美元/点子×20点子=137.40美元

记住,当你打开或关闭一个交易仓位时,你必须参照报价表上的询问(买)价/投标(卖)价。你要买进一种货币时,你将使用卖家的投标价。而当你想要卖掉它时,你将使用买家的询问价。

接下来,我们将会交给你一份,关于你已经学过的外汇术语的摘要!

What is pips in Forex

Here is where we’re going to do a little math. You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.

Take your time with this information, as it is required knowledge for all forex traders. Don’t even think about trading until you are comfortable with pip values and calculating profit and loss.

What the heck is a Pip? What about a Pipette?

The unit of measurement to express the change in value between two currencies is called a “pip.” If EUR/USD moves from 1.2250 to 1.2251, that .0001 USD rise in value is ONE PIP. A pip is usually the last decimal place of a quotation. Most pairs go out to 4 decimal places, but there are some exceptions like Japanese Yen pairs (they go out to two decimal places).

Very Important: There are brokers that quote currency pairs beyond the standard “4 and 2″ decimal places to “5 and 3″ decimal places. They are quoting FRACTIONAL PIPS, also called “pipettes.” For instance, if GBP/USD moves from 1.51542 to 1.51543, that .00001 USD move higher is ONE PIPETTE.

As each currency has its own relative value, it’s necessary to calculate the value of a pip for that particular currency pair. In the following example, we will use a quote with 4 decimal places. For the purpose of better explaining the calculations, exchange rates will be expressed as a ratio (i.e., EUR/USD at 1.2500 will be written as “1 EUR/ 1.2500 USD”)

Example exchange rate ratio: USD/CAD = 1.0200. To be read as 1 USD to 1.0200 CAD (or 1 USD/1.0200 CAD)

(The value change in counter currency) times the exchange rate ratio = pip value (in terms of the base currency)

[.0001 CAD] x [1 USD/1.0200 CAD]

Or Simply

[(.0001 CAD) / (1.0200 CAD)] x 1 USD = 0.00009804 USD per unit traded

Using this example, if we traded 10,000 units of USD/CAD, then a one pip change to the exchange rate would be approximately a 0.98 USD change in the position value (10,000 units x 0.0000984 USD/unit). (We use “approximately” because as the exchange rate changes, so does the value of each pip move)

Here’s another example using a currency pair with the Japanese Yen as the counter currency.

GBP/JPY at 123.00

Notice that this currency pair only goes to two decimal places to measure a 1 pip change in value (most of the other currencies have four decimal places). In this case, a one pip move would be .01 JPY.

(The value change in counter currency) times the exchange rate ratio = pip value (in terms of the base currency)[.01 JPY] x [1 GBP/123.00 JPY]

Or Simply

[(.01 JPY) / (123.00 JPY)] x 1 GBP = 0.0000813 GBP

So, when trading 10,000 units of GBP/JPY, each pip change in value is worth approximately 0.813 GBP.

Finding the Pip Value in your Account Denomination

Now, the final question to ask when figuring out the pip value of your position is, “what is the pip value in terms of my account currency?” After all, it is a global market and not everyone has their account denominated in the same currency. This means that the pip value will have to be translated to whatever currency our account may be traded in.

This calculation is probably the easiest of all; simply multiply/divide the “found pip value” by the exchange rate of your account currency and the currency in question.

If the “found pip value” currency is the same currency as the base currency in the exchange rate quote:

Using the GBP/JPY example above, let’s convert the found pip value of .813 GBP to the pip value in USD by using GBP/USD at 1.5590 as our exchange rate ratio. If the currency you are converting to is the counter currency of the exchange rate, all you have to do is divide the “found pip value” by the corresponding exchange rate ratio:

.813 GBP per pip / (1 GBP/1.5590 USD)Or

[(.813 GBP) / (1 GBP)] x (1.5590 USD) = 1.2674 USD per pip move

So, for every .01 pip move in GBP/JPY, the value of a 10,000 unit position changes by approximately 1.27 USD.

If the currency you are converting to is the base currency of the conversion exchange rate ratio, then multiply the “found pip value” by the conversion exchange rate ratio.

Using our USD/CAD example above, we want to find the pip value of .98 USD in New Zealand Dollars. We’ll use .7900 as our conversion exchange rate ratio:

0.98 USD per pip X (1 NZD/.7900 USD)Or

[(0.98 USD) / (.7900 USD)] x (1 NZD) = 1.2405 NZD per pip move

For every .0001 pip move in USD/CAD from the example above, your 10,000 unit position changes in value by approximately 1.24 NZD.

Even though you’re now a math genius–at least with pip values–you’re probably rolling your eyes back and thinking, “Do I really need to work all this out?” Well, the answer is a big fat NO. Nearly all forex brokers will work all this out for you automatically, but it’s always good for you to know how they work it out.

If your broker doesn’t happen to do this, don’t worry – you can use our Pip Value Calculator! Aren’t we awesome?

In the next section, we will discuss how these seemingly insignificant amounts can add up.

 

什么是点和十分之一点

 

我们将在这里做一些小算数。您可能已经听说过这些字眼“点 pips”,“十分之一点pipettes”和“手数 lots”。接下来在这里,我们将解释它们是什么,并示范如何计算它们出来的。

花点时间慢慢掌握下面的这些信息,因为它是所有外汇交易者必须知道的常识。在你能够灵活自如的运用点值 和 计算盈亏之前,你最好不要去想交易的事。

点到底什么是鬼东西? 十分之一点又是什么?

用来衡量两种货币之间,汇率变化的基本单位就称为“点 Pip”。如果 欧元/美元 从1.2250升至1.2251,这就是一个点的变动。 点值是从外汇报价的最后一个小数位算起,如果是 非日元的货币对,一般有四个小数位。如果是 含日元的货币对,那么它的货币报价应该只有两个小数位。

非常重要: 有些经纪商的报价,货币对汇率的小数位 超出标准的“4和2”达到“5和3”小数位。他们就用 小数点(FRACTIONAL PIPS) 来报价 ,也称为十分之一点(pipettes)。例如,如果英镑/美元 从1.51542 升至 1.51543,它移动了 0.1点(ONE PIPETTE)。

由于每种货币都有它自身的价值,所以我们需要知道如何计算,个别货币的每一个点是多少价值。在下面的例子中,我们将使用4小数位的报价。

先以 基础货币为美元,的货币对 为例子,计算方法为:

1. 美元/瑞郎 汇率为 1.5250
0.0001除以 汇率 = 点的价值
0.0001 / 1.5250 = $ 0.0000655

2. 美元/加元 汇率为1.4890
0.0001除以汇率=点的价值
0.0001 / 1.4890 = $ 0.00006715

3. 美元/日元 汇率为119.80
注意:这货币对只有两个小数位(其他多数的货币对有四个小数位)。
在这种情况下,1点的单位为 .01。
0.01除以汇率= 点的价值
0.01 / 119.80 = $ 0.0000834

在不是以 基础货币为美元的例子,我们希望得到美元的 1个点数价值,就必须增加一个步骤。

1. 欧元/美元 的汇率为 1.2200
0.0001除以汇率=点的价值
因此 0.0001 / 1.2200 = 0.00008196欧元
但是,我们需要换回到美元,所以我们必须加一个计算步骤

欧元价值 x 汇率
所以 0.00008196 x 1.2200 = $ 0.00009999
当进位后就是 0.0001

2. 英镑/美元 的汇率为 1.7975
0.0001除以汇率=点的价值
因此 0.0001 / 1.7975 = 0.0000556英镑
但是,我们需要换回到美元,所以我们必须加一个计算步骤

英镑价值 x 汇率
所以 0.0000556 x 1.7975 = $ 0.0000998
当进位后就是 0.0001

你可能会睁大眼睛的看着上面的计算过程,同时纳闷“难道我真的需要亲自动手来计算这些东西吗?” 嗯,答案是一个大大肥肥的 。几乎所有的外汇交易商将自动为你算出这些答案,但你知道怎么把它们计算出来总是有好处的。

在下一节课中,我们将探讨,这些看似微不足道的金额,怎样积少成多。

What is Leverage

Forex Leverage

We know we’ve tackled this before, but this topic is so important, we felt the need to discuss it again.

The textbook definition of “leverage” is having the ability to control a large amount of money using none or very little of your own money and borrowing the rest.

For example, to control a $100,000 position, your broker will set aside $1,000 from your account. Your leverage, which is expressed in ratios, is now 100:1.

You’re now controlling $100,000 with $1,000.

Let’s say the $100,000 investment rises in value to $101,000 or $1,000. If you had to come up with the entire $100,000 capital yourself, your return would be a puny 1% ($1,000 gain / $100,000 initial investment).

This is also called 1:1 leverage. Of course, I think 1:1 leverage is a misnomer because if you have to come up with the entire amount you’re trying to control, where is the leverage in that?

Fortunately, you’re not leveraged 1:1, you’re leveraged 100:1. The broker only had to put aside $1,000 of your money, so your return is a groovy 100% ($1,000 gain / $1,000 initial investment).

Now we want you to do a quick exercise. Calculate what your return would be if you lost $1,000.

If you calculated it the same way we did, which is also called the correct way, you would have ended up with a -1% return using 1:1 leverage and a WTF! -100% return using 100:1 leverage.

You’ve probably heard the good ol’ clichés like “Leverage is a double-edged sword.” or “Leverage is a two-way street.” As you can see, these clichés weren’t lying.

What is margin?

So what about the term “margin”? Excellent question.

Let’s go back to the earlier example:

For example, in forex, to control a $100,000 position, your broker will set aside $1,000 from your account. Your leverage, which is expressed in ratios, is now 100:1. You’re now controlling $100,000 with $1,000.

The $1,000 deposit is “margin” you had to give in order to use leverage.

Margin is the amount of money needed as a “good faith deposit” to open a position with your broker. It is used by your broker to maintain your position. Your broker basically takes your margin deposit and pools them with everyone else’s margin deposits, and uses this one “super margin deposit” to be able to place trades within the interbank network.

Margin is usually expressed as a percentage of the full amount of the position. For example, most forex brokers say they require 2%, 1%, .5% or .25% margin.

Based on the margin required by your broker, you can calculate the maximum leverage you can wield with your trading account.

Forex Margin

If your broker requires 2% margin, you have a leverage of 50:1. Here are the other popular leverage “flavors” most brokers offer:

Margin RequiredMaximum Leverage
5.00%20:1
3.00%33:1
2.00%50:1
1.00%100:1
0.50%200:1
0.25%400:1

Aside from “margin required”, you will probably see other “margin” terms in your trading platform. There is much confusion about what these different “margins” mean so we will try our best to define each term:

Margin required: This is an easy one because we just talked about it. It is the amount of money your broker requires from you to open a position. It is expressed in percentages.

Account margin: This is just another phrase for your trading bankroll. It’s the total amount of money you have in your trading account.

Used margin: The amount of money that your broker has “locked up” to keep your current positions open. While this money is still yours, you can’t touch it until your broker gives it back to you either when you close your current positions or when you receive a margin call.

Usable margin: This is the money in your account that is available to open new positions.

Margin call: You get this when the amount of money in your account cannot cover your possible loss. It happens when your equity falls below your used margin. If a margin call occurs, some or all open positions will be closed by the broker at the market price.

定义杠杆和保证金

什么是杠杆?

1.8 Common Question 2 综合问题2 1

我们知道我们处理过相关内容,但是由于这个话题十分重要,我们觉得有必要再讨论一下。

教科书中“杠杆”的定义是能什么也不用或用较小的自有资金控制大量的资本,剩下的资金则为借入资金。

例如,要控制10万的仓位,经纪商会从你的账户中拨出1千美元。你的杠杆,用比率表示,就是100:1。

你用1千美元控制了10万美元。

假设10万美元的投资上涨到价值10.1万美元。如果你要提供全部10万美元的的资本,你的回报仅为微不足道的1%(获利1千美元/初始投资10万美元)。

这也被称为1:1杠杆。当然我认为1:1杠杆是误称,如果你拿了你要控制的全部资金,哪里还有什么杠杆!

幸运的是,你没有1:1杠杆,你的杠杆是100:1。你的经纪商只需拨走你1千美元钱,所以你的回报是绝妙的100%。(获利1千美元/初始投资1千美元)。

现在,我们想让你做一个快速的练习。计算一下如果你损失了1千美元,你的收益是多少。

如果你按照我们之前的方法计算,也就是正确的方法,你用1:1杠杆,你的收益是-1%,你用100:1杠杆,你的收益是-100%。

你可能听过这句老话“杠杆是一把双刃剑。”或“杠杆是双行道。”正如你所知道的,这些老话没骗人。

什么是保证金?

那么术语“保证金”是什么?好问题。

让我们回到之前的例子:

例如,在外汇市场,要交易10万的规模,你的经纪商要拨出你账户中的1千美元。你的杠杆,用比率表示,就是100:1。你用1千美元控制了10万美元。

这1千美元是你为了使用杠杆交出的“保证金”。

保证金是通过你的经纪商开仓所需的用作“诚信押金”的一笔钱。你的经纪商用于维护你的仓位的。你的经纪商拿走你的押金和其他所有人的放在一起,并用这个“超级保证金账户”在同业银行网络间交易。

保证金通常表示为实际账户的百分比。例如,大多数经纪商说他们需要2%,1%,0.5%或0.25%的保证金。

基于你的经纪商所要求的保证金,你可以计算你使用交易账户时最大的杠杆。

1.8 Common Question 2 综合问题2 2

如果你的经纪商要求的保证金是2%,你的杠杆是50:1.下面是多数经纪商提供的较受欢迎的杠杆“口味”:

1.8 Common Question 2 综合问题2 3

除了“所需保证金”,你还会在你的交易平台上看到其他“保证金”相关术语。这些“保证金”的意思很容易混淆,以此我们尽力明确每一个术语的定义:

所需保证金:这个很简单,因为我们刚刚讨论过。保证金是通过你的经纪商开仓所需的资金。保证金通常用百分比表示。

账户保证金:这是“交易资金”的另一种说法。它指的是你的账户总额。

占用保证金:经纪商“冻结”的用以保持你现有仓位的资金。尽管这钱仍然是你的,你不能碰它,直到你的经纪商把它还给你,或者你关闭了现有交易,或你收到了追加保证金的要求。

可用保证金:这是你账户中可用来开新仓的资金。

追加保证金:你收到这一要求当你账户里的钱不能覆盖你可能的损失。当你的资产净值低于占用保证金是,这会发生。如果你收到了追加保证金,你的部分或所有的开仓头寸被经纪商以市价关闭。

What is Spread

 

Talking Points

  • Spreads are based off the Buy and Sell price of a currency pair.
  • Costs are based off of spreads and lot size.
  • Spreads are variable and should be referenced from your trading software.

 

Every market has a spread and so does Forex. It is imperative that new Forex traders become familiar with spreads as this is the primary cost of trading between currencies.

Today we will review the basics of reading a spread and what the spread tells us in regards to the costs of our transaction.

 

Spreads and Forex

 

Every market has a spread and so does Forex. A spread is simply defined as the price difference between where a trader may purchase or sell an underlying asset. Traders that are familiar with equities will synonymously call this the Bid: Ask spread.

Below we can see an example of the spread being calculated for the EURUSD. First we will find the buy price at 1.35640 and then subtract the sell price of 1.32626. What we are left with after this process is a reading of .00014. Traders should remember that the pip value is then identified on the EURUSD as the 4th digit after the decimal, making the final spread calculated as 1.4 pips.

 

Now we know how to calculate the spread in pips, let’s look at the actual cost incurred by traders.

 

What_Does_a_Spread_Tell_Traders_body_Picture_2.png, What Does a Spread Tell Traders?

 

Spreads Costs and Calculations

 

Since the spread is just a number, we now need to know how to relate the spread into Dollars and Cents. The good news is if you can find the spread, finding this figure is very mathematically straight forward once you have identified pip cost and the number of lots you are trading.

 

Using the quotes above, we know we can currently buy the EURUSD at 1.3564 and close the transaction at a sell price of 1.35474.That means as soon as our trade is open, a trader would incur 1.4 pips of spread. To find the total cost, we will now need to multiply this value by pip cost while considering the total amount of lots traded. When trading a 10k EURUSD lot with a $1 pip cost, you would incur a total cost of $1.40 on this transaction.

 

Remember, pip cost is exponential. This means you will need to multiply this value based off of the number of lots you are trading. As the size of your positions increase, so will the cost incurred from the spread.

 

What_Does_a_Spread_Tell_Traders_body_Picture_1.png, What Does a Spread Tell Traders?

Changes in the Spread

 

It is important to remember that spreads are variable meaning they will not always remain the same and will change sporadically. These changes are based off of liquidity, which may differ based off of market conditions and upcoming economic data. To reference current spread rates, always reference your trading platform. However, to help you get an idea of past average spreads for pairs traded at FXCM, see the referenced hyperlink HERE.

 

什么是点差

 

  外汇交易所使用的术语是比较多的。外汇点差是其中的一项。那么什么是点差呢。

  在解释点差之前要知道什么是“点”:为了精确和方便表示汇价,一般用5位数表示,最小变化的单位,通常称为”点”。

  例如美元日元(USDJPY)的报价120.00的最小单位是0.01日元,或者说0.01日元为1点。英镑美元(GBPUSD)的报价0.9800的最小单位是0.0001美元,或者说0.0001美元为1点。

  什么是“点差”:当汇率变化时,点数波动的差值为”点差”。例如美元日元(USDJPY)由120.00变为121.00时,121.00-120.00=1.00日元,点差为100点。英镑美元(GBPUSD),由1.0000变为0.9800时,点差为200点。

  报价的点差:外汇交易时,买入价和卖出价存在一个差价,如:美元日元(USDJPY)报价120.00/120.10时,120.00为卖出美元价,120.10为买入美元价,120.10-120.00=0.10称为点差10点。GBPJPY报价185.50/185.60时,点差为10点。

  手续费的点差:将每笔交易收取的手续费换算成点差。不论交易何种货币,将手续费换算成为该货币的点差。

  ”点值” :每1点换算成该货币的价值。

  浮动点差和固定点差的区别在哪呢。

  浮动点差说明经济商(目前正规的大平台基本都是浮动点差)本身不参与客户的交易,而是直接把客户的单子拿到国际市场上去交易,他们只是收取传递的费用,服务的费用,只是给客户提供一个交易的平台。所以客户无论什么单子,只要当时国际市场上有人肯接,那就会立刻成交,也不会有人为的干预,也随便大家做超短线而。他们的价差是不固定的,当市场成交很清淡的时候,因为人们没有多少交易兴趣,那么BID/ASK(点差)就可能会相差很大,但这是真实的市场价格。

  有些的公司的点差是固定的,但是他们的报价是他们给的,而不是当时国际外汇市场上真实的价格,如果当客户赚了很多的时候,因为客户是和他们直接交易,那么客户赚了就意味着他们亏损了,这样一来他们就可能破产,而一破产,客户的资金也就没有了保障。瑞富就是这样的例子也正是因为这样,所以对客户有利的单子就不容易成交,或者有亏损的还平不掉,所以会有人为的干预,也不允许扒头皮,因为客户如果利用平台见价格的差异来获得利润,其实是必然会导致做市商的亏损的,他们的点差虽然是固定的,但是一般为了防止风险,点差会比较大,如果说做市商制度的公司点差很小,那他们是要亏损的。而且出数据的时候,点差也同样会很大。

  外汇保证金交易中的点差往往决定了客户需要支付多少的服务费用,所以对于外汇交易商和交易平台的选择要充分考虑到这个问题。

点差指的是标的资产的买入价和卖出价之间的点的差价。由于它在进行交易时是关键因素,所以外汇交易者知道什么是点差就显得尤为重要。为了得出点差,我们用买入价(Ask)减去卖出价(Bid)。

我们以下面这个交易终端的显示为例子,澳元兑美元的当前价格为0.93860/0.93865(卖出/买入)。

MT4 Spreads | MXT Global Forex Education

买价 – 卖价 = 点差
0.93865 – 0.93860 = 0.00005 或 0.5 个点

MT4交易终端可以以点的方式显示两个价格之间的点差。点差总是浮动的.