Foreign exchange margin trading is a high-risk, high-yield derivative financial product. Through leverage, the actual transaction amount is expanded dozens or hundreds of times with the trust guarantee provided by brokerage investors. It is highly speculative. . Its characteristics of small and broad trading make it the current mainstream international foreign exchange trading method. Take stock trading as an example. You can spend 100 yuan to buy a stock with a market value of 100 yuan. If the relevant stock fluctuates by 1%, the investor's profit or loss will be no more than 1 yuan. The temptation of foreign exchange margin trading is to use small to make big gains. The high leverage of 1:100 and 1:200 is the most popular and eye-catching selling point of foreign exchange margin trading. Taking the leverage of 1:100 as an example, if you invest a margin of US$100, you can speculate in foreign currencies of US$10,000. As long as the relevant currency fluctuates by 1%, the foreign exchange speculator may earn another $100, which is equivalent to doubling, but it is also very likely that he will lose all his margin.
Let’s look at some facts: Many successful currency market professionals achieve success by controlling risk. Risk control goes against our innate preferences. Risk control requires great self-control. Many successful speculators only have a 35% to 50% success rate. Their success is not because they can predict prices well, but because their profitable trading positions far exceed their losing positions. It also requires a great deal of self-control. Many successful conservative investors can be described as a mixture of contradictions. They do things that others are afraid to do. They both have a lot of patience and are willing to wait for the right moment for them. This also requires a great deal of self-control. Successful investing values ??self-control more than any other factor. This is the first step towards successful trading, and those who put themselves in the position to develop self-control will ultimately be able to achieve success.
In addition, if you do not have more than 3 years of futures experience and more than 5 years of stock experience, I am talking about situations where you can make a profit, then you are a novice. Newbies will definitely lose money in this market. It is recommended to stay away.
There are many differences between stock trading and foreign exchange trading. If you have been trading in stocks for more than 5 years and have made a lot of money, you can trade in foreign exchange. At this time, you should find a good company and learn about foreign exchange first. The rules of the market are very important. Do a simulation and open a small account. It is recommended to open an account of 5,000 first. Practice and practice, you can really make money, and you are playing big.
Also, foreign exchange trading is a gray area in China. Many companies that are not regulated by the United Kingdom and the United States also come to China to attract customers. You must not operate these platforms. Many are fake companies.
It is recommended to choose a platform regulated by the United Kingdom and the United States.
As for the question of not adding spreads, I can answer you that foreign exchange traders will give rebates to agents.
Recommend the British odl company, odl is regulated by the United Kingdom and the United States.
If you want to know more about the situation, please join the foreign exchange trading club group 69981881