Can anyone briefly explain how to open it and how to do foreign exchange?

Updated on Financial 2024-04-12
19 answers
  1. Anonymous users2024-02-07

    Now speculation foreign exchange is no longer necessary to open an account locally, you can open an account remotely, as long as you choose a good platform and a good reputation of the best business, Baxter foreign exchange company, Huichao speculation, global gold exchange network and other companies are very good, you can choose the platform suitable for their own trading.

    It is recommended that novices should make the following preparations before investing, so that they can avoid many detours and become rational investors faster.

    1.Novices can learn while reading books and simulating at the same time, so that they can progress faster, especially the basic knowledge of foreign exchange is still very important, and it must be mastered well.

    2. You don't need to have a foundation in English, just know that the letters in the platform represent currency pairs, for example, USD represents the US dollar, EUR stands for the euro, and EUR USD represents how many dollars can be exchanged for one euro.

    3. Do more simulation in the early stage, be more familiar with the operation process of the platform, and read some introductory books, such as classic books such as wealth leverage, wealth treasure, Japanese candlestick chart technology, etc., which are must-read books for investors.

    4. Remember to judge the general trend of the first day at the beginning of the simulation operation, there is no shortcut to foreign exchange, but there is a way, homeopathy, trickle and long-term, step by step, and slowly accumulate wealth.

    5. Judging the general trend, it is recommended to look at the graph for more than 4 hours, **Admission is recommended to see 30 60 minutes**, no more than 10% each time**, foreign exchange investment and financial management, don't always think about speculation to cancel, develop a good habit when simulating, set a good stop loss for each order, and strictly abide by it in the future to make a real account, in order to make better profits, 6Maintain a good attitude, it is normal to make profits, if you do not do well on the day, control your emotions, and trade up to 3 hands regardless of whether you are profitable or not.

    The purpose of investment is to make a profit, and if you don't make money, more and more people will not participate.

    But this market must be profitable, this is not necessarily, there will be returns and risks, investment requires technology + strength, but the premise of investment is the safety of funds, otherwise our investment will not be meaningless. The black platform will do a lot of tricks, even if you make a profit, it will not let you withdraw money, there are many such black platforms, so you should choose a formal and regulated trader, so as to ensure the safety of funds, it will be meaningful.

    The most authoritative regulator in the market is the FSA, and brokers regulated by the FSA are required to comply with the FSCS deposit protection scheme, which can ensure the safety of investors' funds. There are only a few FSA-regulated brokers, so you must choose these regular brokers.

    To identify whether a broker is regulated by the FSA, you can take a look: how to identify a regular dealer, a must-read for friends who invest in foreign exchange.

    It is recommended that investors or friends who are new to contact know more about it, so as to avoid encountering black platforms.

  2. Anonymous users2024-02-06

    At the beginning, it is more suitable to open a mini account, which can trade lots and deposit $1,000.

    Specifically, including analysis, trading strategy, money management, etc., there must be a process of learning and practice.

  3. Anonymous users2024-02-05

    1. Foreign exchange account opening process.

    1. Handle import and export rights:

    Opening a foreign exchange account is not at the ordinary corporate window, and it is usually necessary to make an appointment with a foreign exchange account manager first. After making an appointment, the bank will arrange a relationship manager to handle the procedures with you.

    3. Select the currency:

    One currency corresponds to a foreign exchange account, and the company needs to think about what currency to open before opening a foreign exchange account? The currencies opened by more people are US dollars, British pounds, euros, etc., which depend on the business needs of the enterprise.

    4. Submission of materials:

    After receiving the information, the bank will review the company's information, and if there is any missing information, it will notify the company's personnel to make up for it.

    6. Open an account after receiving foreign exchange:

    If the enterprise does not have foreign exchange income and expenditure business when opening an account, usually the bank will not help you open a foreign exchange account immediately, and you need to open a foreign exchange account for the first time.

    7. Open an account to be verified first

    Finally, if your company is not a Class A enterprise, it will not directly help you open a foreign exchange settlement account, but will first help you open an account to be verified. After verifying the receipt of foreign exchange in the account, the bank will review it before you can enter your settlement account, and Class A enterprises can directly open a foreign exchange settlement account.

    II. Conditions for Handling Foreign Exchange Accounts.

    1.Foreign exchange registration certificate.

    2.Original and photocopy of business license.

    3.Reserve the original and photocopy of the bank's seal and the ID card of the handling personnel.

    4.The legal person certificate of the enterprise.

    5.Account opening application.

    6.Foreign-invested enterprises are required to provide an account opening approval issued by the State Administration of Foreign Exchange (SAFE) to open a capital fund.

  4. Anonymous users2024-02-04

    Hello! If opening a foreign exchange account is just a normal need to go abroad, then you only need to go to the bank to open a foreign currency account. If you want to speculate on foreign exchange, now you need to prepare your personal identity documents to open an account on the Internet, upload it to the relevant ** or hand it over to the account opening broker to help you open an account.

  5. Anonymous users2024-02-03

    Prepare ID card and bank card information, choose a professional foreign exchange broker, and help you choose an international regular broker. Stay away from the black platform!

  6. Anonymous users2024-02-02

    In China, you can open an account with Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Guotai Junan, and if you want to do high leverage, you can only open an account on an overseas platform.

  7. Anonymous users2024-02-01

    It is very simple for individuals to open a foreign exchange account. I've been doing it.

    Now all foreign exchange transactions are opened online. Of course, if you can also make a one-to-one foreign exchange purchase transaction in online banking, but it can also be a carry trade, but the profit will be very low, so you need a large amount of money. Because the profit is generally only higher than the bank interest, for example, if you have good skills in investing 1w yuan, you can earn hundreds of yuan a year.

    Therefore, most people choose the ** foreign exchange platform online to open an account for leveraged trading, remember that this is talking about leverage, that is, to amplify the funds in trading, which greatly increases your profits, and also increases the risk.

    How to open an account: Funds required: $300 or more is best for novices. Trading is not boring, but it also exercises technique.

    What you'll need: ID card, mobile phone number, and email address. Bank cards. In fact, it is to fill in these information on the registration page to facilitate withdrawals and deposits.

    In fact, it's as simple as that, you can find a foreign exchange platform with old qualifications, and foreign exchange has been trading in China for at least 6 years, because I have been trading for 5 years. So this development is already very good.

  8. Anonymous users2024-01-31

    The first choice is to choose a formal platform, and then see whether the professionalism of the staff is excellent, because it involves the interests of customer funds, so you must not be blind, be cautious, and understand more about the background knowledge or strength of foreign exchange platforms and traders before making a decision.

    At present, there is no foreign exchange platform in China, and it was stopped in 08. Basically, it is a foreign platform by some domestic companies. If an investor opens an account, he must first find a regular and strictly regulated foreign exchange broker and open an account according to the regular process.

    If you are good at English, you can go directly to the broker's official website to open an account, and submit the relevant information via email or live chat tool, which supports remote account opening. The remittance must be remitted to the custody account designated by the third party of the foreign broker, not the account of the domestic broker, the responsibility of the company is only to find customers for the dealer's development, and the merchant has no right to access any funds of the investor. It is worth reminding that when choosing, we must see whether their staff have excellent professional knowledge and whether they are responsible when there is a problem, and can really think about the interests of customers, so that problems can be dealt with in a timely and rapid manner.

    All RMB deposits must be cautious, because RMB is not yet a free currency in the world, and formal platforms only accept US dollars or other free currencies.

    The general process of opening a forex account:

    Step 1: Fill in the account opening documents according to the formal process of the dealer or its ** business (in the account opening documents, the name, nationality, address, name of the receiving bank, bank card number, ID number, contact**, email address, etc. will be filled in.) It is particularly emphasized here that the customer needs to provide the correct email address, which is the channel of communication between the customer and the foreign trader, and the general dealer will regularly send the customer's transaction bill to the customer through e-mail), in addition, the customer also needs to submit a copy of the ID card and bank card.

    Step 2: By email, the broker sends the real trading account number and password to the client (the customer's bank card number, email address and live trading account number are linked).

    Step 3: The client deposits the funds into the account designated by the broker, and the dealer confirms that the funds have been received and injects funds into the client's account.

    Step 4: Log in to the live server and start trading for real.

  9. Anonymous users2024-01-30

    If you want to open an account, it is the most important point, the formal regulated platform is the first choice, followed by the analyst who can bring you stable profits, this choice is also very important, everyone wants to make money and come to invest in this market, no one wants to throw money into this market and operate transactions indiscriminately.

    If you open an account as an individual, it is recommended to find a senior analyst, step by step, starting with how to judge a formal platform, and then follow this analyst to learn the operating software, and then you will operate it yourself.

    With my nine years of experience in analysis and operation, I will send you a sixteen-word mantra: cash is the king, homeopathy is king, the point is the phase, and the stop loss is holy.

  10. Anonymous users2024-01-29

    (1) When the account opening unit handles the receipt and payment of the account, it must issue the "Foreign Exchange Account Use Certificate" to the bank.

    The depositary bank shall handle the receipt and payment of the account for the opening unit by virtue of the scope of account income and expenditure specified in the Foreign Exchange Account Use Certificate. Without the approval of the State Administration of Foreign Exchange, no account opening unit or bank may use the account beyond the scope of the account.

    2) The account opening unit shall use the account in accordance with the provisions of the "Approval Letter for Opening a Foreign Exchange Account" and the "Foreign Exchange Account Use Certificate" on the maximum account limit, use period, foreign exchange settlement method, etc., and shall not use the account beyond the scope or time limit.

    For accounts with net income that need to be settled, the account opening unit shall handle the settlement of foreign exchange in a timely manner. If the account needs to be extended due to the progress of the project, it should be applied to the foreign exchange bureau in advance, and it shall not be extended without approval.

    3) Approved foreign exchange accounts must participate in annual inspection every year.

    The account opening entity shall comply with the Regulations on the Annual Inspection of the Current Account of Chinese-funded Enterprises of Domestic Institutions and relevant supplementary regulations. The annual inspection time is from January to April every year. The specific inspection of the account shall be carried out by the accounting firm entrusted by the account opening unit.

    The State Administration of Foreign Exchange (SAFE) approves the list of designated accounting firms once a year and publishes it to the account opening unit. The account opening unit chooses an accounting firm to conduct an annual inspection of its account.

  11. Anonymous users2024-01-28

    The account opening process is as follows:

    Step 1: The customer fills in the account opening application form, multiple platforms ODL, BMF, Parkway, and First Gold are available, please consult me for details.

    Step 2: Submit customer information.

    1) Mini account: front and back of the customer's ID card, **, email address.

    2) Standard account: the front and back of the ID card and a proof of address (water, electricity, coal, broadband bill within three months), household registration page or driver's license, etc., please consult your **; **Mailbox.

    Step 3: After the customer sends the above information to the ** company, you can open your foreign exchange account. And inform your fund account number, transaction account number and corresponding password by email. After receiving the trading account number, the client can log in to the MT4 platform to change the password, etc.

    Step 4: Remittance and deposit.

    After receiving the transaction account number, the customer can go to the bank or post office to handle the remittance and deposit, or use the ICBC online banking to handle the deposit procedures, and the account can be received within 1-3 working days.

    Step 5: Funds arrive in your account to start trading.

    Once the funds have arrived, you will see the amount of your funds on the MT4 platform, and the account will be officially ready for trading.

    Step 6: Withdraw.

    If you want to withdraw your funds or make a profit, you can send an email to the broker's headquarters to apply for withdrawal, and the email will be sent to your bank account within 1-3 working days.

  12. Anonymous users2024-01-27

    If you need to go to the four major banks in China to open it, not every bank can open it.

  13. Anonymous users2024-01-26

    First find a regular dealer, and then contact the relevant customer service staff, submit personal information such as **, common mailbox, ID card scan, etc., you can open an account, deposit after opening an account, and after the funds arrive in the account, you can start trading!

  14. Anonymous users2024-01-25

    Go to the Bank of China and get a debit card to support multi-currency.

  15. Anonymous users2024-01-24

    Fill in your personal information and provide proof of personal identity.

  16. Anonymous users2024-01-23

    Spreads forex 2 pips ** Support EA trading 0 commission 15 platform servers If you are interested, please feel free to consult.

  17. Anonymous users2024-01-22

    Recently, many recent college graduates are very interested in copying foreign exchange, so how to copy foreign exchange in order to make money?

  18. Anonymous users2024-01-21

    Buy, long, short, and finally close the position is as simple as that.

  19. Anonymous users2024-01-20

    Selling high and selling low is a truth that will always be suitable!

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