Real foreign exchange trading means that individual traders exchange their freely convertible foreign exchange (currency) into the convertible currency which is expected to appreciate, and gain profits through the exchange rate difference.
Trading location for the bank, Futuo foreign exchange Xiaobian detailed explanation of the centralized foreign exchange trading method.
A unique trading method in China. Individuals who open a trading account at a bank can trade through the Internet, telephone, bank counters and self-service terminals.
Generally in the bank account trading, the characteristics of the firm offer is relatively small risk and return, the transaction fee (point spread) is slightly larger, generally 10~30 points.
The size of the capital may have limited returns.
Solid foreign exchange trading has certain drawbacks: large spread, high fees, only unilateral trading, and small capital returns.
How to open an account: Apply for opening a foreign exchange account at the bank counter, and then purchase foreign exchange and deposit it into the account. Sign a foreign exchange transaction agreement with the bank, apply for opening an online bank, and then log in the website of the bank with a personal computer at home to conduct transactions in the online bank.
Specific account opening fee please go to the bank counter consultation.
At present, there are two kinds of real forex trading orders: market trading and trust trading.
1. Market transaction means immediate transaction according to the bank’s current quotation.
Entrusted trading is commonly known as hanging trading, that is, the investor can first send the trading order to the bank. When the bank’s quotation reaches the exchange rate level that the investor wants to deal with, the bank’s computer system will immediately execute the transaction according to the investor’s entrusted order.
The advantage of entrusting orders for clients is that they do not have to watch the FX market every second of the day, saving a lot of time.
However, clients also need to be cautious in using trust orders, especially if the trust order for a position is not followed by a trust order for a stop loss.
The foreign exchange market is changing rapidly and the use of trust orders may bring you great risks.
The best thing you should know about yourself before you start trading forex.
What is the purpose of conducting a solid forex trade, what is the risk tolerance and risk appetite, and what is the grasp of the forex market.
