Li Zhongxin looked at Yeshan Zhengjun who was standing properly below. A faint smile appeared on the corner of his mouth. He said slowly: "Mr. Yeshan Zhengjun, if you have money in your hands now, let you do it,

Will you buy the US dollar to appreciate, or will you buy the US dollar to depreciate?

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

This time, Chungxin Mitsui Bank is going to conduct foreign exchange transactions. You are the expert I invited. I will pay you a sum in advance to use it for foreign exchange transaction operations."

After hearing Li Zhongxin's words, Yeshan Zhengjun felt a sad expression on his face, and he felt something that he didn't know what it was.

He first looked at Li Zhongxin's sincere face, then thought for a moment and said, "I stick to what I just thought. If there is no big accident, the price of US dollar to Japanese yen will exceed 240 US dollar to exchange for one dollar to 240.

If I use my own money to operate this important juncture of the yen, I will buy it according to my heart’s judgment.”

At this time, Yeshan Zhengjun still had some resistance to Li Zhongxin's problems and the matter of asking him to buy foreign exchange. He could hear and feel that Li Zhongxin was about him in the foreign exchange trading market.

I should have some understanding of the title of this road beacon.

"Well, you are so sure that the price of US dollar to Japanese yen can rise, and it will even exceed the important threshold of one dollar to US $240?" Li Zhongxin looked at Noyama Masajun with a smile and asked quippedly.

"If you do foreign exchange trading, you don't have a 100% winning rate. However, according to the recent trend and the optimism about the appreciation space of the US dollar in the future, I personally think that the US dollar rose to above 240 yen, and there should be nothing.

It's too big a question. As for where it goes or how much it goes, I can't guarantee it, and I don't even dare to assure you that I am optimistic about the rise of the US dollar against the yen this time." Noyama Masamune replied seriously.

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

"Well, it's good, very thoughtful, and I didn't say with certainty that the US dollar will definitely rise against the yen. I'm very optimistic about you. Since your analysis is very good, let's try it and buy some of them first and do a few small transactions.

Operation." Li Zhongxin said to Yeshan Zhengjun with a smile.

Li Zhongxin was very satisfied with Yeshan Masashi's attitude, and Li Zhongxin knew about the trend of the US dollar against the Japanese yen at this time, but he could not tell Yeshan Masashi.

"Well, since Zhongxinjun wants to engage in foreign exchange transactions and has the idea of ​​doing a big deal, then it is a very good idea to make some small orders appropriately. How much is your first purchase?

?Are you planning to trade US dollar futures or contract cash exchange?”

Noyama Masajun asked seriously.

Yeshan Zhengjun knew what he knew. Li Zhongxin said when he talked to him that he had not operated foreign exchange transactions before. Many rules needed him to explain Li Zhongxin. Since Li Zhongxin wanted to invest a little, then he

You must ask this matter clearly.

"Tell me what matters in foreign exchange futures trading! I'll judge which kind of thing we're going to do." Li Zhongxin's fingers slightly knocked on the handle on the seat and said calmly.

.

If you don't understand, ask.

Now an expert who understands these things will always explain these things to him faster than he compares them with books, and will understand more clearly what kind of transaction he is going to do.

"Zhongxinjun, let me tell you this! Forex futures are in a concentrated futures exchange. Both parties buy or sell another non-national currency in some non-national currency through public bidding, and sign a

A contract with foreign exchange is delivered according to the agreement price at a certain date in the future.

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

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

Engaged in foreign currency and financial futures.

In February 1981, the Chicago Mercantile Exchange opened Euro dollar futures trading for the first time. Subsequently, Australia, Canada, the Netherlands, Singapore and other countries and regions also opened foreign exchange futures trading markets. Since then, the foreign exchange futures market has flourished.

At present, the main types of foreign exchange futures trading are: US dollar, pound, euro, yen, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar, etc. From a global perspective, the main markets of foreign exchange futures are in the United States, and they are basically concentrated in

The International Currency Market (IMM) and the Philadelphia Futures Exchange (PBOT) of the Chicago Mercantile Exchange.

The international currency market mainly conducts futures contract transactions in the Australian dollar, British pound, Canadian dollar, euro, Japanese yen and Swiss francs;

The Philadelphia Futures Exchange mainly trades euros, pounds, Canadian dollars, Australian dollars, Japanese yen, Swiss francs, etc.

In addition, the main exchanges for foreign exchange futures include: 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 for domestic currencies to trade with other major currencies.

In the foreign exchange market, there is a traditional forward foreign exchange trading method, which has the same or similarities with foreign exchange futures trading in many aspects 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 trading method in which both parties agree to settle a certain amount of foreign exchange at the exchange rate determined at the transaction date at the future date.

Forward foreign exchange transactions are generally reached by banks and other financial institutions through telephone, fax, etc. The transaction quantity, term and price are freely agreed upon, which is more flexible than foreign exchange futures.

When hedging, forward trading is more targeted and can often hedge all risks. However, the prices of forward trading do not have the openness, fairness and fairness of futures prices.

Now in Tokyo, users generally choose futures contracts, large banks and other financial institutions! When they are in China, they usually choose forward foreign exchange trading models.

Cash exchange transactions are also called "spot foreign exchange transactions". When a foreign exchange transaction is established, foreign exchange business for collection and payment is handled on the same day or within two business days. This kind of collection and payment is called delivery, that is, one party delivers one currency and the other party

For foreign exchange delivery, "two clear money and goods". The qualified delivery date must be the business day of the two currency issuing countries. In case of holidays, it should be postponed to the next business day.
Chapter completed!