The UNIT of QUANTITY IS THE HAND, WE often MEASURE THE QUANTITY is TRADED 1 HAND 2 hands, ALSO BECAUSE THE TRADING VOLUME UNIT IS THE HAND, A lot of NOVICES are RELATIVELY unfamiliar TO THIS CONCEPT.
The unit of foreign exchange trading volume 1 lot is the abbreviation of 1 standard lot, which is converted into our usual foreign exchange contract unit, which is the contract of 100,000 yuan.
For example, if we buy one standard hand of /, we are buying $100,000 in yen.
However, in normal trading, due to the existence of high leverage, only a few hundred dollars of margin is needed to trade the products of one hand.
Foreign exchange trading unit is 1 hand, but does not mean that investors will deal 1 hand every time, when I was in bad currency, investors less volume is 0.01 hand every time, just need a few dollars deposit can be traded, so investors don’t have to foreign exchange transactions think about how tall, its only just need a little money can be traded products.
In external trading, not only foreign exchange, gold is also traded according to the hands.
A lot of gold products is worth 100 ounces of gold.
With Lagarde reiterating plans for two rate hikes this summer, it will be interesting to see if the dollar has peaked when Powell speaks this week.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
