I can get rich by brushing my emotions

However, because MT4 is an international third-party foreign exchange trading software, it is very professional. At present, 90% of foreign exchange futures investors in the world are using MT4 software for trading.

Therefore, DBS Bank's foreign exchange trading system is also connected to the MT4 server, and through the MT4 clearing bridge, it connects with global foreign exchange liquidity providers to achieve fast foreign exchange transactions.

With the mouse in hand, Yuan Ze first clicked to look at the current exchange rates of major currencies around the world, and then set his sights on the target currency pair.

"The GBP/USD exchange rate is 1.2205, which actually rose by 1.1%..."

Yuan Ze glanced at it twice, showing surprise.

In the first two days of this week, the GBP/USD exchange rate fluctuated between 1.20 and 1.21, without much fluctuation.

For example, yesterday's closing price was only 1.2072, but I didn't expect that it would suddenly break through 1.22 today, an increase of more than one point.

However, through the future news, Yuan Ze knew very well that the future trend of GBP/USD is an inevitable trend.

Therefore, for him, the more the GBP/USD rises now, as long as he seizes the opportunity to build a position and manages the risk of liquidation, then the more profit he can get.

At this moment, Qiao Shuang, who was sitting on the chair next to Yuan Ze, stared at his screen and asked, "Mr. Yuan, which currency are we going to do? GBP/USD?"

Although Qiao Shuang knew that Yuan Ze was going to speculate in foreign exchange next, she didn't know exactly how to speculate and which one to speculate in.

Yuan Ze didn't intend to hide it from her, he nodded and said, "That's right, our next goal is GBP/USD, short it and try to get a bite out of it!"

Qiao Shuang turned on her computer, looked at it carefully, and said:

"Short? But I think GBP/USD is rising today, and the momentum looks very strong. There is a clear tendency to attack the high point of 8 on August 1. Once it breaks through, it should rise for a few days, right? I It feels a bit dangerous to be short at this node."

Yuan Ze said: "Don't just look at the next few days, you can extend the timeline a bit, one month, two months?"

Qiao Shuang was startled, her bright eyes flickered, she thought for a while, and replied, "If the timeline is prolonged, I personally think that GBP/USD will go lower in the future, because in September and November this year, the Fed has The expectation of raising interest rates exists.

At that time, the U.S. dollar will strengthen, and currencies around the world will depreciate, and the British pound will certainly be no exception. "

Yuan Ze smiled and said: "Yes, now the whole world knows that the Federal Reserve will raise interest rates in September and November, and the dollar will rise next, but there are still people going long today. Is this purely bullish on the pound?"

Qiao Shuang's eyes moved slightly: "Boss Yuan, what do you mean..."

Yuan Ze glanced at the table, and said slowly: "If I'm not wrong, today's rise should be a sudden sell-off before the fall.

Since everyone thinks that the U.S. dollar will strengthen and other currencies will depreciate, there must be many people who are shorting and want to make a fortune.

However, some people are greedy, and they pull the leverage to one hundred times, two hundred times, or even five hundred times, hoping to make a big fortune with a small amount.

And today's sudden increase of more than one point can just make these greedy guys directly liquidate their positions.

Of course, it may also be the lure before the fall..."

Qiao Shuang nodded slightly. She could understand what Yuan Ze meant, and she asked, "Then should we choose to open a position and sell short now, or should we wait a few days?"

Yuan Ze tapped on the keyboard, narrowed his eyes and said, "Wait, wait, the exchange rate of GBP/USD above 1.22 seems to be high enough now. Even if it can continue to rise, how much can it continue to rise? Can it rise to 1.24?" , 1.25? Or 1.30?"

Qiao Shuang shook her head: "1.30 is absolutely impossible. It means that the pound is obviously stronger and the dollar is weaker. The current economic situation in the UK does not support a sharp strengthening of the pound. I think 1.25 is also a little bit hanging, but 1.24 is hard to say."

Yuan Ze said again: "Then do the math, how much does it take to increase from 1.22 to 1.24?"

Qiao Shuang picked up the calculator on Yuan Ze's desk and pressed it, and then replied, "It's about 1.64%."

Yuan Ze said: "Then what is the forced liquidation line after our position is full?"

Qiao Shuang replied: "After the position is full, if it rises to 3.75%, the position will be forced to close. I calculate, if the position is calculated according to 1.22, it will be about 1.26575."

Yuan Ze said: "Look, according to our leverage of 20 times, GBP/USD will not be liquidated until 1.26575. Is it possible for this wave to rise so high?"

As he said that, a smile appeared on Yuan Ze's face: "Don't talk about 1.26575, I see, it's hard to reach 1.24 in this wave, and even whether it can break the high point of 8 on August 1 that you mentioned is a question. Unknown."

Although it seems that GBP/USD will not fall below 1.20.

However, since he was using the God's perspective, Yuan Ze knew very well that this inflection point would probably come soon.

Because, from today, August 8, to September 10, there is only more than a month.

If the GBP/USD exchange rate really breaks through the previous high in the next few days and rebounds significantly, then in just over a month, it may not be able to form a downward trend of more than ten points. After all, this is The foreign exchange market is not the stock market.

Therefore, Yuan Ze felt that there was nothing to worry about.

Anyway, even if the prediction is wrong and the position is full, he will not wait for DBS to force the position to be liquidated.

At that time, get some money from the country, or take something to mortgage, add some margin, reduce the risk, and just raise the forced liquidation line.

As long as GBP/USD hits an inflection point and starts to go downhill, he can fight hard.

"The funds have arrived, so we can start." Yuan Ze rubbed his hands together.

While the two were talking, all the 4 million US dollars in Yuan Ze's bank card had been transferred to the credit account of DBS Bank.

In order to collect the 4 million US dollars of funds, Yuan Ze did not plan to use the money in the domestic bank account, so he came to a sister-in-law to operate.

First, as the controlling shareholder, he borrowed 5700 million yuan from Yuanlai Investment Company, with an agreed annual interest rate of 1%.

This company was originally his personal wallet, and all the money he earned from working with Kang Lei and Hu Xu before was transferred into it, so he could dispose of it at will.

However, if you use it directly, you will first pay 25% of the corporate income tax, and then pay 20% of the personal income tax, and even other taxes.

After coming and going, nearly 50% of the money was lost.

There was no other way, so Yuan Ze had no choice but to use borrowing to avoid tax reasonably.

This kind of loan relationship is a private loan, which is legal and compliant, and it can be returned at that time.It is only illegal to default on repayment.

Of course, when Yuan Ze acquired the 30% equity of Baitian Technology Company, in addition to raising money to expand capital, Yuan Ze also lent hundreds of millions of RMB to Yuanlai to invest in the company. He still owes him hundreds of millions of money.

However, he did not combine these two loans, but calculated them separately and sorted them out one by one to avoid confusion.

After borrowing the 5700 million RMB from Yuanlai Investment Company, Yuan Ze handed over the 5700 million RMB to DBS Bank's domestic branch through DBS Bank's VIP foreign exchange purchase business to freeze it for safekeeping.

The frozen 5700 million RMB was converted into equivalent U.S. dollars and put into Yuan Ze's overseas DBS bank account, and finally got together 4 million U.S. dollars.

It's not his fault, it's something that can't be helped.

Because of regulations, individuals only have a foreign exchange quota of 5 U.S. dollars per year. Yuan Ze can only use this method if he wants to transfer out the 5700 million RMB in a short time.

Well, the current regulations are like this, and it is not clear whether they will be changed in the future. Anyway, it is not uncommon to see changes in our land.

After clicking on the status of opening the credit account, Yuan Ze went to the transaction page.

After fully pulling the benchmark leverage to 20 times, he directly shorted the GBP/USD exchange rate through DBS Bank's foreign exchange trading system.

In the foreign exchange trading system of DBS Bank, the maximum number of hands in a single transaction for the GBP/USD variety is 500 hands.

Although there are restrictions, it is much more generous than those foreign exchange trading platforms with a maximum lot size of only 10 or 20 lots.

In the foreign exchange market, based on the exchange rate of 1.22, it takes 1 US dollars to trade 12.2 lot of GBP/USD without leverage.With 20 times leverage, only a deposit of $6100 is required.

You can place 500 orders at a time, which is undoubtedly very convenient for investors with large funds like Yuan Ze.

However, it is the time of the Asian market, and Europe and the United States are still playing cards and sleeping hard. The GBP/USD trading is not active, Yuan Ze is also doing it leisurely, and the speed of building positions is not fast.

This time period belongs to the opening period of the Tokyo foreign exchange market in Neon Country, mainly trading the Japanese yen, while the trading varieties are concentrated on the US dollar/yen and the euro/yen.

As for China, there is no foreign exchange market at present, and we dare not easily set up a foreign exchange market, because the complexity of the domestic financial market is less than 5% of that of Wall Street, and we lack sufficient understanding of the financial industry and insufficient financial background. The world's financial giants hang up to draw blood, so they can't mess around.

While Yuan Ze was manipulating the transaction, he glanced at Qiao Shuang from the corner of his eye, saw that she was yawning, and said to her, "If you're sleepy, go and rest by yourself."

Qiao Shuang cheered up immediately after hearing the words, shook her head and said, "It's okay, I'm not sleepy, I want to see how you operate, and learn the technique from you."

"That's up to you." Yuan Ze ignored her and continued to trade on GBP/USD...

Different from stock trading, in addition to being more liquid, foreign exchange trading is also very different from stock trading at the transaction level.

In terms of time, the foreign exchange market is a global financial market.

Except for weekends and holidays, its trading hours are available 24 hours a day.

Of course, for transactions of different currencies, the scoring time period, and the transaction activity at different times vary greatly.

Yuan Ze’s current short selling on GBP/USD can also be regarded as long USD/GBP trading.

For example, if Yuan Ze has US$1 on hand as an example, if he wants to short GBP/USD with 20 times leverage.

At this time, it is necessary to borrow GBP worth 20 U.S. dollars through the DBS Bank's foreign exchange trading system to agree on interest from major financial institutions (banks, dealers, and brokers) engaged in foreign exchange trading.

Based on the current GBP/USD exchange rate of 1.22, 1 GBP=1.22 USD, about 16.39 GBP can be borrowed.

Then, sell the 16.39 pounds and exchange them for dollars.

If there is no fluctuation and price difference, after these pounds are sold, exactly 20 US dollars can be recovered.

After a while, the pound depreciated against the dollar, and the GBP/USD exchange rate fell to 1.12.

At this time, Yuan Ze only needs to spend 18.36 US dollars to buy back the 16.39 pounds he borrowed before, and repay the currency to close the position.

After closing the position, the remaining US$1.64 in the account was the profit he earned from short selling.

To put it simply, his short-selling behavior this time is actually to expect the pound to depreciate, borrow pounds from banks and other institutions, and buy dollars.When the pound depreciates, the dollars can be exchanged for more pounds, making the difference.

It is also the same reason to go long USD/GBP in the opposite direction. They all borrow pounds, buy dollars, wait for the pound to depreciate, and then repay the pound to earn the difference.

This transaction link seems to be very simple, but in this link, there are two most important key points.

The first, of course, is that the trend for GBP/USD must be down.

If you do this short, you can earn the price difference. If the trend is upward, there will be losses, or even liquidation.

The second is to borrow sterling. There must be a financial institution that lends sterling to Yuan Ze, otherwise there is no way to short it.

In the stock market, this would be a difficult problem.

Because not every stock in the stock market can borrow coupons, and not every stock has a large number of coupons to borrow.

But in the foreign exchange market, this situation will no longer be a problem.

Especially for the currency that is actively traded like GBP/USD, there will be no situation where there is no currency to borrow.

Not to mention the large amount of British pounds accumulated by daily short-term opponents for speculative arbitrage.

The major banking institutions that store pounds are more than happy to lend them out.

Of course, you have to give them a certain amount of interest.

Chapter 193 Full of energy, bad news from the Wall Street Journal

In the quiet office, only the sound of using the keyboard and mouse can be heard.

As Yuan Ze continued to operate in the foreign exchange market, time was also gradually passing.

Soon after 3pm.

Before the opening of the London foreign exchange market in the afternoon, because the GBP/USD transaction was not active, Yuan Ze opened positions carefully, and the total number of positions opened was less than [-]%.

But after the foreign exchange market in London officially started trading in the afternoon, GBP/USD, the largest exchange on the exchange, also became active.

Therefore, Yuan Ze's method of building positions has gradually become bolder.

In just over two hours, he hit more than 3% of the position.

With a margin of US$1.25 million and a leverage of 20 times, the short position held reached US$25 billion.

The highest short-selling price for GBP/USD is 1.2275, the lowest short-selling price is 1.2238, and the average short-selling price is 1.2254. The short-selling positions held reached 20400 hands.

According to this short-selling price, his forced liquidation line has been raised a little bit higher than before, reaching above 1.27, and the risk is lower.

In one day, Leverage shorted 25 billion US dollars of funds, which is almost impossible in A-shares, and will definitely be sniped to death.

But in the foreign exchange market, due to its hugeness and complexity, and there is no special trading volume statistics agency.

The probability of being sniped is very small.

Of course, this refers to the currency with high circulation such as GBP/USD, and the small currency with insufficient liquidity is not included.

In addition, I have to admit that his 2-hand short order did put some pressure on the bulls during the session.

However, since he did not take the initiative to smash the market, the pressure was not great, and it did not affect the upward trend of GBP/USD during the day.

As of 5:42 p.m., the current GBP/USD exchange rate remained above 1.2260, an increase of 1.56% on the day.

Obviously, the bulls are stronger today.

At this time, Yuan Ze finished the operation for the time being, turned his head to look at the motionless secretary Qiao Shuang beside him, and couldn't help smiling.

He watched the foreign exchange market for eight hours in a row today, and even ate lunch in the office, and Qiao Shuang was always with him.

This girl was still insisting that she was not tired and fine, and she wanted to learn techniques from him.

As a result, after lunch, I couldn't hold on anymore, and my eyelids started to fight.

Until now, she has slumped on the chair with her head tilted, her hair is disheveled, her lips are slightly parted, and the corners of her mouth are still drooling. She doesn't know what she dreamed of.