Why do so many people do forex trading now?

The most fundamental reason is that because they want to make money, many people are taking foreign exchange trading as a side business after maintaining their existing jobs and having a stable salary income, and more and more people are joining in the exchange data.

Why do so many people do forex trading now? Huichacha tells you:

Margin is the minimum amount of money that you have to deposit when you open an account with a forex broker. The minimum amount varies from one broker to another, ranging from as little as $100 to as high as $100,000.

Each time you make a new trade, you will take out a portion of your margin account as your initial margin for your trade, and the size of the initial margin depends on the currency pair you are trading, the current exchange rate and the number of lots traded. The lot size always refers to the lot size of the base currency.

Let's say you open a mini account with 200x leverage, or the margin requirement for this account is. The mini account trades in mini lots. 1 mini lot is equal to $10,000.

If you plan to trade 1 mini lot, you don't need to offer the full amount of $10,000, you only need $50 ($10,000*USD).

Forex trading to find the right forex platform, the income is not a big problem, and worry-free. At the beginning, I had a comprehensive understanding of Forex before I started investing. Forex WikiBit Free helps users** and recover Many users have successfully recovered.

If you don't understand, you can ask me again.

Because the professionalism is too strong and there are many professional fields involved, the natural pit is deep and deep.

The biggest difficulty of foreign exchange is that each of the relevant factors is equally important, and there are many key factors, some factors you simply cannot understand and master, only in a very small number of interest circles, and some factors are that you have to spend considerable time and energy, money you can see the results.

In order to make it easier for you to understand, I will roughly divide the factors that can affect the profit and loss of foreign exchange trading into two parts, external factors and internal factors.

External factors include:Platform qualifications, regulatory licenses, capital flow, capital security, trading environment, transaction costs, profit margins.

Intrinsic factors include:Technical Analysis, Fundamental Analysis, Management, Money Management, Trading Strategy, Risk Control, Profit and Loss Ratio, Trading Mentality.

The foreign exchange industry knows that it is the world's largest financial market, and we also have more or less some understanding, but in addition to the characteristics of those markets that are generally known, it also has a long industrial chain, involving many fields, information asymmetry, and other characteristics.

Human nature is greedy. Some don't know what you mean by being fooled? Did someone scam you out of money or what? There are losses and gains in investment, and you can't say that someone cheated you just because you lost money.

Because they did not check whether the platform was formal and reliable on the foreign exchange wiki, the foreign exchange wiki analyzed the ** of thousands of various traders included one by one, not only compared it with the ** announced by the regulator, but also compared it with the server address of the ** subordinate to the regulator and the deployment area of the server, and determined the true and false identity of the trader.

First, the role of the current domestic foreign exchange company is to save you the step of going abroad. But if your money isn't being remitted abroad, it's certainly not a legitimate company. That is, legal, but these companies must be strictly regulated.

2. At present, there are two main channels for Chinese investors to invest in the foreign exchange market, one is to do the foreign exchange real opened by domestic banks, and the other is to open an account directly abroad through the first institution in China through foreign dealers to do foreign exchange margin business.

3. Due to the large spread of foreign exchange real trading (which can be understood as high transaction costs), in addition to large fluctuations in the exchange rate, the general rate of return is difficult to be satisfactory. Because the foreign exchange margin business can be traded in both directions, it can be both long and short, and because of the leverage ratio, it can be small and large.

Fourth, at present, China has not fully opened the foreign exchange margin business. However, the state does not interfere with citizens' overseas investment, so at present, it is generally the mainstream foreign platform that is looking for the best in China to do customer development and service work for them. There is a great advantage to being a mainstream platform abroad.

The obvious advantage of forex trading is the ability to trade around the clock. However, the trading day is made up of multiple trading sessions: the European session, the American session, and the Asian session - also known as the London, New York, and Tokyo or Sydney sessions.

This is because there is no single transaction in the forex market, and different countries trade at different times.

Yes, forex trading is a very hot industry in China.

OK. The development of China's foreign exchange market:

In the process of blind development of the market from 1992 to 1993, a number of Hong Kong foreign exchange brokers went to the mainland to carry out foreign exchange trading business without approval, and attracted the participation of a large number of domestic enterprises and individuals.

Since the vast majority of domestic participants do not understand the foreign exchange market and foreign exchange trading, blind participation has led to large areas and large losses, including a large number of state-owned enterprises.

In August 1994, the China Securities Regulatory Commission and other four ministries and commissions jointly issued a document to completely ban foreign exchange trading (margin). Since then, the management department has been negative and severely cracked down on domestic foreign exchange margin trading.

At the end of 1993, the People's Bank of China began to allow domestic banks to conduct real foreign exchange trading business for individuals. By 1999, with the standardization of the market, the profit margin of trading has been greatly reduced, and some investors have begun to enter the foreign exchange market. According to ** TV station, foreign exchange trading has become the largest investment market in addition to **.

Compared with the domestic market, the foreign exchange market is much more standardized and mature, and the daily trading volume of the foreign exchange market is about 1000 times that of the domestic market, so although the trading rules are not fully in line with international practice, the personal real foreign exchange trading business opened by domestic banks has attracted more and more participants.

There's nothing you can't do, only you can't think of it, hehe.

I don't know what kind of foreign exchange transactions you want to do, such as the general purchase of foreign exchange to earn interest rate differentials, you can go to the bank to buy foreign exchange directly, and small amounts of foreign exchange can be completed directly in the ATM terminal or online banking (50,000 USD per year), and I would like to advise you that the RMB is currently in the period of overdraft appreciation, although it is the end stage but will also maintain for a considerable period of time, and it is inevitable that there will be a loss of exchange rate difference in the short term.

If you want to engage in leveraged foreign exchange trading, then you have to find some reliable platforms, at present, there are many such ** merchants in China, but to be honest, there are very few reliable, you must pay special attention. After all, the safety of funds is the guarantee of investment.

According to my experience in foreign exchange trading, the following points should be paid attention to in the selection of the platform:

Domestic copycat platforms, Hong Kong platforms should not participate.

Ultra-high leverage (above 1:400) is not touched.

Private accounts or RMB deposits are not touched.

Non-NFA (USA) OR FSA (UK) Financial supervision is best not to touch the above situation, what is left to do is to compare the spread of the platform, response speed, investor's reputation, the advantages and disadvantages of trading software, etc., it is relatively much easier, and the formal platform basically has its own advantages and disadvantages, according to your personal operating habits and preferences to choose it. It is inconvenient for me to recommend the specific platforms, so as not to mistakenly think that it is a trust, and the road has to be walked by yourself, and you can judge it for yourself.

OK;

At present, all commercial banks have set up foreign exchange trading centers;

It can be traded through online banking.

According to Article 16 of the Regulations of the People's Republic of China on Foreign Exchange Administration, foreign institutions and individuals shall register with the foreign exchange administration authorities for direct investment in China after approval by the relevant competent authorities. Overseas institutions and overseas individuals engaged in the issuance and trading of valuable or derivative products in China shall comply with the provisions of the state on market access and register in accordance with the provisions of the foreign exchange administration.

Domestic institutions and domestic individuals shall register in accordance with the provisions of the foreign exchange administration department when they make direct investment abroad or engage in the issuance and trading of overseas valuable and derivative products. Where the state stipulates that prior approval or filing is required by the relevant competent authorities, the approval or filing formalities shall be completed before the foreign exchange registration.

2. Consult and copy the financial and accounting materials and related documents of the parties to the investigation of foreign exchange violations and the units and individuals directly related to them, and seal the documents and materials that may be transferred, concealed or damaged.

I can answer this kind of question, and WikiFX is great.

In terms of the overall environment, China's retail foreign exchange industry in 2018 is indeed in the tightest year in recent years. Not only has the policy been tightened, but there have also been bumps in the payment channel, many platforms have withdrawn from China, and many black platforms have simply run away. In the past, many of the top businessmen, asset managers, and practitioners have left the foreign exchange industry to work in blockchain or other industries.

I would like to have one suggestion: regulation, formality is very important!

Many mainstream brokers in the foreign exchange industry are subject to overseas legal supervision, have relatively stable operations, and have a sense of compliance, which is the foundation for the development of the foreign exchange industry for so many years. This foundation is closely based on the global foreign exchange market, and it will not fundamentally change because of the tightening of policies in any country or region.

From this point of view, no matter how the domestic foreign exchange policy changes, the retail foreign exchange market will always exist for a long time. As for whether it will develop into legal state regulation in the future, this kind of policy cycle is very long and difficult to determine.

According to the practice of launching domestic financial innovation products, the listing of domestic foreign exchange ** will likely be completed within one or two years. However, retail forex practitioners should see that this is both an opportunity and a challenge. The opportunity lies in the fact that the listing of foreign exchange will greatly drive people's recognition and enthusiasm for foreign exchange investment, and the disadvantage is that the country may maintain a strict policy and attitude towards non-regulated overseas brokers.

Considering the threshold of foreign exchange, it should be at least 500,000 yuan or more, as well as low leverage, then its main participants are large domestic institutions and asset management companies. Small and medium**, in terms of products, they will prefer low-spread margin trading products in mature markets.

Among the opportunities and challenges in China's foreign exchange market, how to weigh it is everyone's choice and effort. In every segment of the foreign exchange market, there are consistently outstanding operators. Those who do foreign exchange trading, as long as they trade steadily and lightly, uphold the correct concept, there are also many masters with outstanding trading ability.

Those who do foreign exchange training are conscientious, and there are also training institutions and teachers who are well-known in the market and have a good reputation. To be an IB businessman, develop the market in a down-to-earth manner, enhance professionalism and customer recognition, whether it is a shouting order mode, a lecture mode, or a documentary model, there are people who have achieved sustained success. The business developers of the brokerage camp will continue to accumulate customer resources in the industry, improve the ability to do things for others, and solve problems for the best businessmen, and will also achieve a good career development improvement.

Of course, foreign exchange can be done, there are currently close to 10 million foreign exchange traders in the world, the foreign exchange market is the most liquid market in the world, the global average daily trading in the foreign exchange market is 6 trillion US dollars, far more than the ** and ** market, and foreign exchange is the only market that runs 24 hours a day, the most important thing is that the foreign exchange market is completely transparent and fair, and there is no need to worry about the use of information or large funds to influence the market.

However, having said all this, you still need to experience it yourself, if you are a novice, it is recommended to start with understanding, or go to AIA Forex to register a demo account to play and accumulate some experience.

There are risks involved in any investment, so it's better to be cautious.

Of course, you can do it, but you need to choose a reliable foreign exchange platform to do foreign exchange trading. Otherwise, let alone making money, you won't get back the principal invested.

The data of WikiFX are all from the official data of foreign exchange regulators in various countries, such as the FCA IN THE UK, NFA in the United States, ASIC in Australia, etc., and the content published is also based on fairness, objectivity and seeking truth from facts, which is true and reliable.

You can do it, but you have to learn and become professional before you do it, so that you can make a profit.

Otherwise, even if you make money, it will be a matter of time before you lose it...

Forex trading is the exchange of one country's currency with another's currency. Unlike other financial markets, the foreign exchange market does not have a specific location and does not have a ** exchange, but is traded through an electronic network between banks, businesses and individuals. "Forex trading"It is the simultaneous sale of one currency in a currency pair.

Before you want to speculate on foreign exchange, it is recommended to go to the EABM foreign exchange community to learn about it.