I don’t know when it became a household name in China.
After 17/18 years of publicity by major media and securities companies, Jinfair and CCTV news, the world’s recognized largest investment and financial product has become well known and recognized by most people.
Foreign exchange has become the best choice for domestic people to invest and start businesses when real enterprises are in trouble.
Is foreign exchange legal?
A: It’s legal.
At present, there are two ways for Chinese citizens to participate: and trading.
Foreign exchange firm offer A foreign exchange firm offer offered by major domestic commercial banks.
Customers convert part of their holdings into another convertible foreign exchange transaction through domestic commercial banks, such as China Merchants Bank, China Construction Bank, Industrial and Commercial Bank, etc.
To participate, you can directly apply for an account at the counter of the corresponding bank, deposit the account, sign a foreign exchange transaction agreement with the bank, apply to open an online bank, and log in to the bank’s website through the computer to conduct transactions in the online bank.
The characteristics of foreign exchange solid offer 1, large, between 16 and 40, which greatly increases the transaction costs of investors.
2. Only one-way profits can be obtained, and the income comes from the difference between sales and sales.
3. No leverage Because there is no capital leverage, the income of foreign exchange real offer mainly comes from the investment principal, so the capital threshold will be very high.
If it’s a small fund, it’s not going to make money.
4. According to the provisions of the State Administration of Foreign Exchange, domestic banks “exchange notes at the same price” because the profits of actual foreign exchange transactions mainly come from the exchange difference, and the bank quotation is basically “exchange notes at the same price”, which has a great impact on the profits of investors.
It is perfectly legal to speculate in domestic foreign exchange by offering firm deals by major banks.
Forex margin trading Since forex margin trading has not yet developed in China, the forex margin trading that investors participate in is all foreign.
Foreign exchange margin trading is often called, also known as foreign exchange speculation, phantom trading.
Deposit trading is when investors use their own funds as security to trade foreign exchange from the financing provided by banks or brokers, that is, to expand investors’ trading funds.
The size of the financing ratio is determined by banks and brokers.
The larger the financing ratio, the less the customer has to pay.
The forex industry was born at the right time.
It has grown at an average annual rate of more than 70% in the past two years.
Forex brokers, practitioners, the size of the market and the number of investors have all exploded.
China is also opening up on policy and has become the most valuable emerging market in the global foreign-exchange market.
Making money depends entirely on expertise.
Foreign exchange investors also like to choose a relatively independent, vertical, professional and reliable operation platform.
However, many investors have suffered large losses due to a lack of awareness of formal personal forex trading products and channels.
Therefore, some people began to question the foreign exchange market, even began to question the legitimacy of foreign exchange financial management in the Chinese market;
Not for fear of choking, foreign exchange financial management transparency, flexible funds, two-way trading, low investment costs.
With its rich income advantage, more and more favored by domestic investors.
Whose money is being made in foreign exchange trading?
On the surface, foreign exchange speculation earns exchange rate differentials.
In fact, it is earning money from foreign exchange participants.
People involved in foreign exchange speculation include big names and institutions like Warren Buffett and retail investors like us.
In fact, not only in the foreign exchange market, but in all financial markets, long and short are always a pair of enemies.
For example, at a certain point, when the number of people who are bullish (mainly capital flows) exceeds the number of people who are bearish in the market, that is, when the capacity is large, the dollar will rise.
The stronger the forces, the stronger the dollar will go up and people will go up with it.
The more people who buy, the higher the price increase, and the first buyer will profit until the market reverses and the last wave of buyers are ensnagled.
In 1994, China successfully reformed its foreign exchange system and introduced a banking system.
In the same year, the China Foreign Exchange Trade System was established in Shanghai, marking the formation of a unified national foreign exchange trading network, the integration of the dual-track exchange rate system into a single exchange rate system, the new foreign exchange settlement and sales system, and the conditional convertibility under the current account.
By the end of 1996, the China Foreign EXCHANGE TRADE System had connected 37 central cities and accepted 396 members.
By the end of 1996, the cumulative turnover of China Foreign EXCHANGE Trade System was 62.8 billion US dollars, with an average daily turnover of about 250 million US dollars.
At present, there are three kinds of spot trading in China’s foreign exchange market: against the US dollar, RMB pair and RMB pair.
The People’s Bank of China (the central bank) is responsible for managing the exchange rate, regulating the market supply and demand, the increase and decrease of the influence, through the exchange market transactions.
Foreign exchange investment has the following characteristics: 1.
2. No time limit;
3. Market transparency;
4. Large exchange rate fluctuations;
5, simple operation;
6. Development is in its golden age.
The foreign exchange market is a very good investment. It is the largest investment market in the world and the only one without a bookmaker.
All news is open and transparent, and it is the only clean investment market in the world.
In such a market, we can make full use of trading skills, plan money management, and achieve stable profits.
In the stock market, due to the restrictions of domestic institutions, can not be short, a considerable part of the sky.
If the stock market goes down, we have to cut our meat.
In the foreign exchange market, there is another option, shorting, can also make a large profit on the decline of foreign exchange.
Foreign exchange market leads the investment trend and is the most popular investment in financial developed countries in Europe and the United States.
Choosing foreign exchange investment is the first choice of asset allocation.
Hawkish Fed and Omicron jockeyed for market position as U.S. crude oil opened down nearly 3 percent to hit a new two-week low.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
