文章来源：123财经 本周（7.7-7.11）外汇英语交易术语学习汇总，和大白一起学习吧！ 1、Invalid Stop Loss / Take Profit Level——无效的止损/止盈设置 2、Trading is Disabled——禁止交易 Invalid Stop Loss / Take Profit Level Trading is Disabled Market is Closed Insufficient Funds Price Changed Off-quotes Invalid Expiration Order Modified Too Many Requests Invalid Execution 这个错误表示你给 EA 设置的 SL（止损）或 TP（止盈）不在平台允许的范围内，直接被 MT4 拒单。 常见原因：SL / TP 离当前价格太近（没满足最小距离）；精度没处理好，价格浮点误差导致非法。 这个错误是系统直接说："你现在不能交易"——不管你EA写得多漂亮，平台不给开单就完了。 常见原因：当前交易品种关闭（如节假日、凌晨休市、挂单禁止）；平台设置禁止自动交易；账户状态异常（冻结、 ...

Group 1: Core Concepts of Forex Trading - Forex trading is a complex field that requires a solid understanding of basic concepts such as currency pairs and their composition [1] - The exchange rate fluctuations reflect the relative value changes between two currencies, influenced by various factors including economic data and geopolitical events [1] - Major currencies like the US dollar and euro play significant roles in the global economy, with their exchange rates affected by respective economic performance and central bank policies [1] Group 2: Technical and Fundamental Analysis - Technical analysis involves using price charts to identify historical trends and predict future price movements, employing methods like trend lines and support/resistance levels [2] - Key technical indicators such as moving averages and the Relative Strength Index (RSI) provide important insights for trading decisions [2] - Fundamental analysis focuses on macroeconomic data, where indicators like economic growth rate, unemployment rate, and inflation can lead to significant currency fluctuations [2] Group 3: Risk Management Strategies - Effective risk management is crucial in forex trading, with strategies like setting stop-loss and take-profit orders to control risks and secure profits [3] - Proper fund management is essential, advocating for diversification to mitigate risks associated with individual trades or currency pairs [3] - Investors should avoid concentrating all funds in a single trade, ensuring a balanced approach to protect the overall investment portfolio [3]

Group 1 - The performance of major markets has diverged significantly in the first half of the year, with the Dow Jones up 3.64%, Nasdaq up 5.48%, and S&P 500 up 5.50%, while the KOSPI index surged 28.04%, DAX index rose 20.09%, Hang Seng index increased by 20.00%, and IBOVESPA index grew by 15.59% [1] - The MSCI Emerging Markets Index saw a nearly 14% increase in the first half of the year, marking the best performance for the same period since 2017 [1] - The shift of capital from the US to Europe and Asia is evident, driven by the US government's tariff policies and the resulting uncertainty in the US market [1][3] Group 2 - The US has experienced a "triple kill" in stocks, bonds, and currencies, with expectations that this may become a norm due to political and policy uncertainties [2] - The rising US debt and persistent fiscal deficits are undermining market confidence and financial stability, leading to a potential decline in the attractiveness of dollar assets [2][5] - If the US does not effectively manage its debt, the long-term risk of a decline in dollar assets may increase, prompting investors to diversify into other assets [5] Group 3 - The economic growth in Europe and Asia is relatively stable, with declining interest rates attracting more capital, as investors seek value in previously underperforming markets [4] - The capital cycle that traditionally supported US assets is being challenged, leading to accelerated "de-dollarization" among global economies [4][7] - The potential for a financial crisis exists if the US continues to expand its debt, which could disrupt the global financial chain [7] Group 4 - The US dollar index has dropped over 10% in the first half of the year, the largest decline since 1973, attributed to slowing economic growth and rising debt levels [6] - The demand for long-term debt is raising concerns about a "gray rhino" risk, which could lead to a debt crisis affecting global financial markets [7] - Stablecoins are seen as a potential support for US debt, but they come with regulatory and liquidity risks that need to be addressed [8] Group 5 - Hong Kong is positioned as a leading area for stablecoin development, with expectations for enhanced regulatory frameworks and international cooperation [9] - By 2025, global capital is anticipated to continue flowing into emerging markets and digital assets, reshaping the global market landscape [10] - The Federal Reserve's cautious approach to interest rate cuts may influence market stability, with potential implications for both US and Asia-Pacific markets [11] Group 6 - The Hong Kong stock market has shown strong performance, particularly in technology and renewable energy sectors, with expectations for continued growth [12] - A-share markets are expected to catch up with Hong Kong stocks, driven by government policies aimed at stimulating economic growth and innovation [12]

Core Points - The central bank's foreign exchange market has reported the RMB exchange rate against various currencies, indicating fluctuations in the value of the RMB [1] Exchange Rate Summary - USD/RMB is reported at 7.1534, an increase (RMB depreciation) of 28 points [1] - EUR/RMB is reported at 8.4110, a decrease of 182 points [1] - HKD/RMB is reported at 0.91128, an increase of 3.6 points [1] - GBP/RMB is reported at 9.7654, a decrease of 34 points [1] - AUD/RMB is reported at 4.6637, a decrease of 226 points [1] - CAD/RMB is reported at 5.2462, a decrease of 148 points [1] - 100 JPY/RMB is reported at 4.9114, a decrease of 431 points [1] - RMB/RUB is reported at 10.9654, a decrease of 263 points [1] - NZD/RMB is reported at 4.3091, a decrease of 213 points [1] - RMB/MYR is reported at 0.59163, an increase of 23.9 points [1] - CHF/RMB is reported at 8.9924, a decrease of 186 points [1] - SGD/RMB is reported at 5.6029, a decrease of 138 points [1]

一些华尔街最久经考验的货币策略正在失灵，这让即便是最资深的外汇交易员也感到困惑。 今年以来，受特朗普的税收和关税政策影响，美元意外大幅下挫，兑欧元和瑞郎的跌幅超过10%，这让许多外汇专家措手不及。以往可靠的交易 信号——例如欧洲降息时卖出欧元，或市场避险情绪升温时买入美元——如今频繁失灵。 这一转变已对投资者造成实际损失，一个追踪货币基金的指数今年回报率仅为0.6%，可能创下2017年以来最差的年度表现。 交易员们表示，尽管事后可以为汇率波动找到明确原因，但今年市场转变的速度和严重性令他们始料未及。瑞银和瑞穗的交易员直言，他们过去 赖以做出正确判断的模型，现在却频频出错。 模型失灵，利差逻辑失效的"新常态" 在瑞穗，这种困惑已经成为交易室里的一个持续话题。交易员Jordan Rochester透露，他的同事、期权交易员Nikhil Kochhar在面对令人费解的市场 波动时，常常大喊"为什么！"，以至于Rochester送了他一顶印有这句口头禅的定制棒球帽。 "一两个月后，会有人拍着我们的肩膀说，'你们为什么不多做空一些美元？这不是很明显吗？'" Rochester表示： "但事实是，这并不明显。" 这种情绪 ...

Group 1 - The US dollar index has experienced its worst start in nearly fifty years, dropping below 97 due to concerns over trade friction, fiscal deficits, and economic slowdown [1][3] - Unexpectedly high job vacancies reported by the US Labor Department indicate resilient labor demand, while a significant tax and spending bill passed by the Senate has led to a rapid increase in long-term yields [1][3] - The market is reassessing the risks of a "too bearish" outlook on the dollar, with the dollar recovering nearly half of its losses against the yen and Swiss franc following the data release [1][3] Group 2 - Despite debt pressures casting a shadow over the dollar, short positions have reached extreme levels since the beginning of the year [3] - If the fiscal bill passes in the House, market focus will shift from the deficit to short-term demand stimulation and corporate profit boosts, potentially supporting the dollar [3] - The Federal Reserve Chairman Jerome Powell has maintained a wait-and-see approach but has not ruled out further rate cuts this year, creating a balance between bullish and bearish sentiments for the dollar [3] Group 3 - The ten-year US Treasury yield has returned to 4.25%, indicating that traders are preparing for a re-inflation scenario driven by fiscal stimulus [4] - Key upcoming events include the tariff negotiations on July 9, which could significantly impact the dollar's performance depending on the outcomes [4] - The market is advised to be cautious of overly bearish positions on the dollar, with short-term strategies favoring buying the dollar against high beta currencies [4] Group 4 - The future of the dollar depends on three factors: whether the trade window closes, the resilience of US data, and any adjustments in the Federal Reserve's language [5] - July is expected to be a month of both risks and opportunities for the dollar, with potential for recovery if conditions tilt in favor of bullish sentiment [5]

Group 1 - The core viewpoint is that overseas asset management institutions and pension funds are accelerating the construction of a firewall against a weakening dollar to mitigate the dual impact of exchange rate fluctuations on U.S. stock portfolios [1] - The traditional logic that "when U.S. stocks fall, the dollar strengthens to provide a buffer" has been challenged, particularly after the dollar index dropped 6.5% to a three-year low due to the Trump administration's global tariff policy [1] - Russell Investments revealed that about 10% of asset portfolios among pension clients in Europe and the UK have increased their hedging ratio for international stock investments, with some aggressive investors raising their risk coverage from 50% to 75% [1] Group 2 - BNP Paribas Asset Management is systematically reducing its dollar exposure by selling dollars through both equity and fixed income portfolios while building long positions in euros, yen, and Australian dollars [2] - Different institutions have varying judgments on dollar valuation; for instance, St. James's Place Capital has maintained its GBP hedging cap while reducing dollar hedging, believing the current dollar exchange rate is close to its long-term fair value [2] - The increase in hedging demand is driven by the widening cracks in asset risk correlation, as noted by Northern Trust's global currency management head [2] Group 3 - Data shows that the euro-hedged version of the MSCI U.S. Index achieved zero returns over the past 12 months, while the unhedged version plummeted by 8.3%, coinciding with a 13% drop in the dollar against the euro [3] - The volume of dollar forward contract sales has reached a four-year high, indicating that investors are opting to "vote with their feet" despite potential dollar rebounds from tariff policy fluctuations or geopolitical conflicts [3] - Asset managers are using foreign exchange derivatives as a core weapon in this currency defense strategy, employing forward contracts and options to build risk barriers against dollar depreciation [3]

Group 1 - The article provides a summary of Forex trading terms and alerts, focusing on different types of alerts available in MetaTrader [1] - Pop-up Alert is a common method for EA notifications, triggered under specific conditions like entry signals or stop-loss activation [2] - Push Alert allows notifications to be sent directly to mobile devices, suitable for users who are away from their computers [3] Group 2 - MAX RETRIES determines the maximum number of retry attempts for EA when an order fails, enhancing the efficiency of high-frequency trading strategies [6][8] - MAX SYMBOLS GLOBAL limits the number of trading instruments that can be traded simultaneously, helping to manage risk exposure and resource allocation [8] - Grid remove SL/TP when start removes existing stop-loss and take-profit settings when the EA starts a grid system, allowing for better control of trades [10] Group 3 - Grid levels mode: SR Filter uses support and resistance levels for intelligent decision-making in grid trading, improving entry quality [11] - Close FIFO compliant ensures that the first opened orders are closed first, complying with regulations in certain jurisdictions [14] - P/L points mode: Average calculates profit and loss based on the average opening price of all orders, suitable for grid and martingale strategies [14] Group 4 - Big basket after X trades triggers a unified exit strategy after a specified number of trades, improving exit efficiency during significant market movements [18] - Big basket min points profit sets a minimum profit threshold for the entire basket before allowing an exit, ensuring profitability across multiple positions [18]

Core Insights - The geopolitical situation and central bank monetary policies are key factors influencing forex market volatility, with significant events in June 2025 altering short-term trends [1] - A ceasefire agreement between Israel and Iran on June 23 led to a 5% drop in oil prices, reducing market risk aversion and impacting the dollar's strength [2] - The Federal Reserve's dovish stance, with officials advocating for a quick interest rate cut, increased the probability of a July rate cut to 23%, further weakening the dollar [3] Event-Driven Analysis - The ceasefire between Israel and Iran significantly reduced geopolitical risk, leading to a decline in demand for safe-haven assets like the dollar, thus creating favorable conditions for non-USD currencies [2] - The Federal Reserve's dovish comments reflect concerns about the U.S. economy, with indicators suggesting potential economic slowdown, prompting a shift in market expectations towards rate cuts [3] Forex Market Impact - The dollar index broke key support levels, reaching a six-week low, indicating a potential new adjustment cycle due to reduced safe-haven demand and rising rate cut expectations [4] - The EUR/USD pair successfully broke the 1.08 resistance level, indicating strong bullish sentiment despite challenges in the Eurozone economy [6] - The Japanese yen experienced a strong rebound due to a wave of short covering in the context of changing market risk preferences [7] Trading Strategy Analysis - Different G10 currencies may exhibit varying performances in the current environment, with the British pound influenced by Brexit developments and the euro benefiting from relative stability [8] - The Chinese economy's recovery will significantly impact the Australian dollar, while the Canadian dollar may face pressure from falling oil prices but could rebound with improved global economic expectations [8] - The current market conditions provide a favorable window for Chinese exporters to manage currency exposure effectively, while investors should remain vigilant regarding macroeconomic data and geopolitical developments [9]

Core Insights - Selecting a reliable trading platform is crucial for investors in the volatile forex market [1] - The article recommends four mainstream forex trading platforms, highlighting their unique features and advantages [1] Group 1: EBC Forex - EBC Forex is a comprehensive financial group based in London with over 30 years of global market experience [1] - The platform prioritizes fund security, holding top-tier global regulatory licenses and partnering with Barclays Bank for independent custody accounts [1] - EBC's proprietary trading black box system optimizes order algorithms, significantly enhancing trading efficiency and profit potential [1] Group 2: FXTM (ForexTime) - FXTM has over 10 years of experience and offers a diverse product matrix including forex, CFDs, stocks, and commodities [3] - The platform has received over 45 industry awards for its quality service and product offerings, with low spreads and commissions reducing trading barriers [3] - FXTM ensures fund security through multiple financial regulations and a strict fund segregation mechanism, along with a million-dollar compensation fund in partnership with Lloyds Bank [3] Group 3: FXCM - FXCM is a leading player in the global forex trading sector, regulated by both the NFA in the US and the FSA in the UK [3] - The platform collaborates with 14 top global banks to ensure ample trading volume and stable liquidity, providing 24/7 pricing for fair and transparent trading [3] - FXCM boasts strong financial stability and has earned the trust of over 174,000 retail clients, showcasing its long-term service quality [3] Group 4: Saxo Bank - Saxo Bank is recognized as an innovator in the fintech space, regulated in Denmark and the UK [4] - The platform integrates resources from over 150 global liquidity and product suppliers, offering more than 35,000 financial instruments across asset classes [4] - Saxo Bank provides a powerful trading platform with professional investment themes and expert commentary to support investment decision-making [4] Group 5: Overall Recommendations - When selecting a forex trading platform, factors such as fund security, product diversity, trading costs, and service support should be considered [4] - For investors seeking comprehensive service, fund security, and educational resources, FXTM is highlighted as a top choice due to its balanced advantages and stable operations [4]