The domestic night foreign exchange market is not traded, how can someone say that the domestic nigh

The forex market operates 24 hours a day.

All branches of the bank are closed at night! Forex trading is global, though! Due to the time difference between regions, you can buy dollars in the United States at night and sell dollars in Japan during the day! And so on and so forth, of course, 24 hours a day.

No, you only need a domestic bank such as HSBC Hong Kong"Open an account"Can! In addition, you can also entrust a foreign exchange brokerage company to trade The international foreign exchange market is not the same as the ** market in the impression of many friends, it is a huge trading system composed of the foreign exchange market of the world's international financial centers.

The foreign exchange market refers to the place or trading network composed of foreign exchange supply and demand sides and foreign exchange intermediaries engaged in currency exchange and foreign exchange trading. The form of the foreign exchange market is a tangible market like a first-class exchange and an intangible market without a specific trading place composed of modern communication tools such as **, telex, trading network, and Internet.

With the rapid development of modern communication facilities and technology, the intangible market has become the dominant form of the international foreign exchange market. At present, except for the Paris foreign exchange market and the Frankfurt foreign exchange market in continental Europe, which still use tangible markets for foreign exchange transactions in the exchange, most foreign exchange markets use intangible market methods that are not limited by time and space for foreign exchange transactions.

At present, there are more than 30 foreign exchange markets in the world, the most important of which are London, New York, Paris, Tokyo, Singapore, Hong Kong, Sydney, Zurich, Frankfurt, etc. They are located in different countries and regions on all continents of the world, so that their respective trading hours intersect and converge with each other, and the development of modern communication facilities and technology makes them interconnected and smooth transactions.

6. Except for Sundays and major holidays, the foreign exchange market is traded at any time from Monday to Friday in the world, making the international foreign exchange market a market that operates continuously 24 hours a day and night. This also provides investors with an investment place without time and space barriers. The international foreign exchange market is not the same as the ** market in the impression of many friends, it is a huge trading system composed of the foreign exchange market of various international financial centers around the world.

The foreign exchange market refers to the place or trading network composed of foreign exchange supply and demand sides and foreign exchange intermediaries engaged in currency exchange and foreign exchange trading. The form of the foreign exchange market is a tangible market like a first-class exchange and an intangible market without a specific trading place composed of modern communication tools such as **, telex, trading network, and Internet.

With the rapid development of modern communication facilities and technology, the intangible market has become the dominant form of the international foreign exchange market. At present, except for the Paris foreign exchange market and the Frankfurt foreign exchange market in continental Europe, which still use tangible markets for foreign exchange transactions in the exchange, most foreign exchange markets use intangible market methods that are not limited by time and space for foreign exchange transactions.

1. All of them are said to be the Chinese market, in fact, it means that Hong Kong, the foreign exchange trading volume will not be small, and foreign exchange is the largest trading variety in the world.

Hong Kong foreign exchange market.

Hong Kong is a free port and the world's fifth-largest foreign exchange trading centre. The official time for the market to open is 9 a.m. each day, but many financial institutions have a market display half an hour ago. By 5 p.m., all major banks had flattened their foreign exchange positions for the day, and basically no new transactions were made, and 5 p.m. was generally considered to be the closing time.

However, in fact, after the end of the foreign exchange market in Hong Kong, many institutions continued to complete transactions in the London market and the New York market until the New York market closed.

The Hong Kong foreign exchange market consists of two parts. The first is the market of the Hong Kong dollar against foreign currencies, which includes major currencies such as the US dollar, Japanese yen, euro, British pound, Canadian dollar, Australian dollar and the currencies of Southeast Asian countries. Of course, this also includes the renminbi.

The second is the market of the US dollar against other foreign currencies. The purpose of transactions in this market is to complete the international transfer of funds from multinational corporations and multinational banks.

In the Hong Kong foreign exchange market, the US dollar is the medium of exchange for all currencies. Hong Kong dollars are not directly convertible with other foreign currencies and must be purchased through US dollars, which are converted into US dollars and then converted from US dollars to the desired currency.

Above, guide Chengjin, answer for you, thank you for adopting.

The volume of forex is high on a daily basis.

How can it be small.

Foreign exchange is a creditor's right that can be used in the event of a deficit in the balance of payments held by the monetary administration (**bank, monetary management agency, foreign exchange leveling ** and the Ministry of Finance) in the form of bank deposits, treasury bills of the Ministry of Finance, long-term and short-term bonds. Including foreign currency, foreign currency deposits, foreign currency negotiable (**public bonds, treasury bills, corporate bonds, **etc.), foreign currency payment certificates (bank deposit certificates, postal savings certificates, etc.). Those who engage in foreign exchange transactions without authorization are not protected by law, and organizing and participating in such transactions is an illegal operation of foreign exchange business and the act of buying and selling foreign exchange without permission.

According to Article 45 of the Regulations of the People's Republic of China on Foreign Exchange Administration, if a person buys or sells foreign exchange without permission, buys or sells foreign exchange in disguise, or illegally introduces or sells foreign exchange in a relatively large amount, the foreign exchange administration authority shall give a warning, confiscate the illegal gains, and impose a fine of not more than 30% of the illegal amount; where the circumstances are serious, a fine of between 30% and the equivalent value of the illegal amount is to be imposed; where a crime is constituted, criminal responsibility is pursued in accordance with law. Legal basis:

Article 45 of the Regulations of the People's Republic of China on Foreign Exchange Administration stipulates that anyone who buys or sells foreign exchange without permission, buys or sells foreign exchange in disguise, buys and sells foreign exchange in disguise, or illegally introduces and trades foreign exchange in large amounts, shall be given a warning by the foreign exchange administration authority, confiscated the illegal gains, and imposed a fine of not more than 30% of the illegal amount; where the circumstances are serious, a fine of between 30% and the equivalent value of the illegal amount is to be imposed; where a crime is constituted, criminal responsibility is pursued in accordance with law.

At present, the country has not opened the foreign exchange market, but the foreign exchange platforms entering the mainland from abroad and Hong Kong are operating normally; The current situation is that there is no explicit opening permit, nor is there a ban on foreign exchange entering the country; Some domestic banking institutions are also doing foreign exchange, and it is only a matter of time before the foreign exchange market opens up.

Theoretically, it is not illegal to use a regular platform, but if your company is a black platform, and the account you are operating is a customer account, once the customer reports the loss, the operator will be jointly and severally liable.

At present, the domestic foreign exchange system makes domestic foreign exchange companies can only do the best but not the brokerage. As a novice, the most important thing is to find a regulated platform to ensure the safety of funds, and the safety of funds is mainly examined from two aspects: the first is to look at the broker, their platform should be strictly regulated, according to the regulations, even if the dealer fails, the customer's money will be compensated by a third-party insurance agency.

The second aspect is to inspect the best traders, which are divided into two types: the first is the first unregulated platform, or the spread and commission are added on the platform, which will cause great trouble to customers; The other is a formal and professional platform, a regular ** business without spreads and commissions. Provide customers with a regulated platform, and they do not handle funds in the process of depositing and withdrawing funds, so customers' funds are absolutely safe.

Foreign exchange margin trading (also known as foreign exchange speculation) refers to signing a contract with a (designated investment) bank, opening a trust investment account, depositing a sum of funds (margin) as a guarantee, and setting a credit operation limit by the (investment) bank (or brokerage bank) (that is, 20-400 times the leverage effect, more than 400 times is illegal). Investors can freely trade spot foreign exchange of the same value within the quota, and the profit or loss caused by the operation will be automatically deducted or deposited from the above-mentioned investment account. It allows small investors to use smaller funds, obtain larger trading amounts, and enjoy the same use of foreign exchange transactions as a risk avoidance and create profit opportunities in exchange rate fluctuations like global capital.

Generally speaking, speculating on foreign exchange is an investment behavior.

No institution or individual is allowed to provide or participate in foreign exchange margin trading business through the network platform in China.

Many people are deceived and don't know how to recover their losses, in fact, as long as they keep the evidence, they can recover their losses by protecting their rights!

Foreign exchange transactions can also be carried out in China, but the trading platform is a bank, and it is not margin trading. Nowadays, most people do foreign exchange trading is margin trading, and foreign exchange margin has not yet been opened in China and is in a gray area. How so?

If the law does not prohibit it, it can be done. At present, there is no national law and regulation prohibiting foreign exchange margin business. Therefore, domestic investors will choose Hong Kong platforms or foreign platforms for foreign exchange transactions, which are overseas investments and do not involve illegal activities.

If you are entering an informal foreign exchange platform, it is indeed illegal, and now there are many foreign exchange black platforms that pull people into a pyramid scheme, which is actually a capital disk. That's a financial fraud, and of course it's illegal.

Breaking the law is certain, if it is not illegal, why is there no foreign exchange platform in China, why money cannot be operated on their own accounts, foreign exchange must be sent abroad, and investment must be long-brained.

Hello this friend:

Engaging in foreign exchange margin business, as long as you choose a regular broker, it is not illegal, otherwise it is impossible for large and formal foreign exchange brokers like FXCM and FXSOL to conduct business in China for more than ten years, but have long been banned by the state. If the dealer is foreign, it must be regulated by the corresponding country, and now the regular ones are generally in the United States or the United Kingdom, and the remittance is naturally remitted to the United States or the United Kingdom.

1. All the foreign exchange transactions you mentioned should be the kind of foreign exchange transactions that guarantee the use of certificates, because the RMB cannot be exchanged under the capital account, so there will be no such transactions.

However, to exchange renminbi for foreign currency, it is now possible to exchange it abroad, not necessarily at home. However, it is possible to lose slightly more than the domestic price difference.

Whether a currency can be exchanged abroad mainly depends on its credibility, and at the same time, credibility also determines how big the difference between domestic and foreign exchange rates is, but in order to become a currency in the capital market, it must look at the proportion of the currency in the international market, and the country's openness to finance and whether the international community recognizes his credibility and other film and television factors.

The renminbi has played a role as a settlement currency in many places and countries around China, and its proportion and credibility have been recognized, but due to some concerns, finance is not completely open, so it has not become a currency exchange.

Because they have the heart to get rich overnight. I am also a member of foreign exchange speculation, in addition to wanting to be rich, I also enjoy the fun.

The exchange rate between RMB and USD is divided into the onshore market exchange rate and the offshore market RMB exchange rate.

The RMB exchange rate in the domestic market is generated by the transactions of each member unit in the China Foreign Exchange Trade System. The transaction capital** is the foreign exchange settlement and sales business of the corresponding customers of major banks. Customers through the settlement and sale of foreign exchange business between RMB and foreign currency exchange, the bank concentrates the customer's foreign exchange settlement and sales positions, in the China Foreign Exchange Trade Center for position compensation transactions, in the process of trading the formation of the market, of course, in order to maintain the stability of the RMB exchange rate, the central bank in many times also involved in the interbank foreign exchange transactions.

Therefore, the onshore RMB exchange rate is the market exchange rate generated by the trading of foreign currencies and RMB by members in a closed tangible market in China.

Since RMB trading in the offshore market is unregulated, the transaction is relatively flexible and not subject to the restriction of the principle of actual need, and the RMB exchange rate generated by the offshore market transaction is more market-oriented.

Totally legal! I have recently handled a similar business for the foreign parent bank of a foreign bank.

1. Domestic individuals and domestic institutions can retain foreign exchange income (this is legal foreign exchange for foreign exchange speculation).

First of all, you're not saying you're an individual, it's entirely possible that you're a company. Regardless of whether you are an individual or a company, the newly revised "Foreign Exchange Management Regulations" in 08 abolished the provisions on the compulsory settlement of foreign exchange income under the current account, that is to say, the foreign exchange income of domestic individuals and domestic institutions under the current account can be retained and accumulated, which is an important part of legal foreign exchange.

2. Legitimacy of the trading platform.

Secondly, the choice of trading platform must be legitimate. Generally speaking, the more common legal practice is to use the online ** platform of the foreign parent bank to conduct transactions. This kind of trading platform is applicable globally, and generally, some foreign parent banks will apply for an e-banking business license from the CBRC by their domestic branches, and at the same time place servers in China to link to foreign platforms, which can be operated.

3. Distinguish between foreign exchange transactions and RMB foreign exchange settlement and sales.

Foreign exchange trading is a transaction between foreign exchange and foreign exchange, which will not affect the balance of RMB and is different from the foreign exchange settlement and sale business between foreign exchange and RMB. There are no laws and regulations in China that restrict foreign exchange and foreign exchange transactions, as long as there is a "foreign exchange business" business scope of banks can do it. Actually, if you think about it, if you are at the airport, can you exchange dollars for pounds?

The so-called "foreign exchange speculation" is just a large amount, just through a relatively modern platform such as the Internet.

Fourth, about the separate criminal law.

First of all, all foreign exchange crimes are administrative crimes, and violating administrative laws is the premise of crimes. Secondly, throughout the law, it mainly focuses on fraudulent foreign exchange transactions such as foreign exchange fraud, and honest and trustworthy foreign exchange transactions are protected by law. However, it must be noted that foreign exchange transactions should be handled in a bank with foreign exchange business qualifications, and the branch of a foreign bank does not matter, and the parent bank can also handle it in China.

Generally speaking, as long as you trade on the platform provided by the named international bank, you will have no problem, because they have done a detailed legal analysis before opening these businesses, and they will not do anything that violates the law, and the CBRC can agree to them to do it, and you can do it with confidence. However, it is not the same thing to trade privately or in an underground bank.

Fifth, the actual demand for foreign exchange trading.

In addition to speculative arbitrage, foreign exchange trading has a lot of functions to hedge the risk of exchange rate fluctuations, is an important financial trading tool that cannot be eliminated, and there is no point in denying its legitimacy.

Hope it helps!

Note: The point above is very correct, you must find a formal foreign platform, the supervision of the FSA is relatively in place, and there are many big banks in the UK that do these businesses, such as Barclays or something, the safety of funds is the most important.