Steps and knowledge of foreign exchange speculation:
First of all, it is necessary to determine whether to operate a foreign exchange firm or a foreign exchange deposit according to the risk tolerance and the scale of funds. The characteristics and account opening methods of the two methods are as follows:
1. Firm foreign exchange quotation:
Generally, I open an account in a bank, such as China Merchants Bank or ICBC. I personally have accounts in China Merchants Bank and ICBC at present. A firm offer is characterized by relatively small risks and returns, and slightly higher transaction costs (spreads), generally 10 ~ 30 points. If the operation is good, the annual income is generally 5% ~ 10%. Small funds may have limited returns.
Steps for opening an account: apply for opening a foreign exchange account at the bank counter, then purchase foreign exchange and deposit it in the account, sign a foreign exchange transaction agreement with the bank, apply for opening an online bank, and then log on to the bank's website with your personal computer at home and enter the online bank for trading.
2. Foreign exchange deposits:
Generally, I apply for opening an account through a domestic foreign exchange broker or directly to the website of a foreign investment company. It used to be transferred in six companies, but now it is mainly handled in three companies that feel better. The risks and benefits of margin trading vary greatly according to the size of the established position. At present, I generally operate with a relatively stable leverage of 5 ~ 10 times, with an average annual income of 100%. The general spread is 3 ~ 10.
The disadvantage is that the operator's fund management requirements are high, and he can't resist if he makes a mistake.
Choosing a foreign exchange dealer needs to be considered in combination with factors such as the size of its own funds. For example, if you don't have a foundation in English, you'd better learn from a company that provides Chinese services. If you need to focus on the mid-line operation, you need to focus on the overnight interest factor. If it is based on ultra-short-term, the spread will be small. You can refer to the following information according to your own specific situation, or you can learn more specific questions through QQ online consultation:
For example, if the capital is very large, exceeding 50,000 US dollars, you can open accounts in some commercial banks or large investment companies that provide foreign exchange margin transactions, such as Citigroup and HSBC, so as to ensure the complete safety of large amounts of funds. The disadvantage is that the leverage is generally low and the spread is large.
Larger capital: 65,438+0,000 to 50,000 USD. You can choose reputable investment banks or companies, such as Shengbao Investment Bank, MF Global, Dukascopy, etc. , can provide professional trading services, with strict supervision.
Medium capital: 2000-65438 USD +0 million. You can choose mainstream foreign exchange dealers with good reputation, such as EASYFOREX, CMC, CMS, MIG, inter-bank FX, FXCM, GFT, etc., with good service and supervision, and more affordable communication.
Mini account: 200-2000 dollars. Choose mainstream companies that can provide mini-hand trading, such as FXsol, EASYFOREX, CMS, InterBankFX, Crown Foreign Exchange, FOREX, IFX, GFT, etc. In this way, although there are few funds, a complete fund management strategy can be implemented to lay the foundation for the transaction fund management of large funds in the future.
Entry experience account: the fund is less than 200 dollars, mainly to experience and learn foreign exchange trading, accumulate experience for future investment career and master trading skills. Because the fund is too small, it is unrealistic to make a lot of money. You can choose a company with a lower threshold for opening an account, such as Marketiva and Oanda. You can change to a bigger company when you have more money in the future.
But in any case, the management of funds when investing is very important. Don't always want to gamble, you will face great risks. The essentials of investment are: taking investment as a career, pursuing long-term and stable profits as a trading goal, and exerting the power of capital growth through compound interest.