After talking about the base currency pair, let's talk about how to operate foreign exchange and how much money can be used to make better profits in the foreign exchange market. The minimum foreign exchange deposit of IFS trading platform is USD 500, but considering the disadvantages of deposit and withdrawal (if deposits are exchanged in domestic banks, they will be wired to foreign third-party custodian banks, such as JPMorgan Chase Bank, the foreign exchange deposit custodian bank of IFS. Regardless of the amount of wire transfer, RMB needs to be remitted in 200 yuan, and the time for applying for withdrawal is generally $40. ) together, you need 500 yuan RMB, and if you remit enough margin to the foreign custodian bank initially, you can avoid the risk of warehouse explosion to a greater extent (that is, you will lose other available margins except the margin for placing an order). For example, now let's make a currency pair of pound and dollar. If there is only a deposit of $500, if you open multiple or empty orders with a bid of 0. 1 and use the leverage of 100, the actual amount you withdraw is $65,438+$046, and the remaining available deposit is $500-$65,438+$046 = $354. If you make a mistake, you can only bear $354 at most. Your order amount is 146 USD! And the daily fluctuation may be around 500 points. In this case, if you don't know how to stop loss, you may be exposed! Even if you immediately follow your expected direction after the explosion, you have no chance!