1, choose a good bank.
Before buying and selling personal foreign exchange, individuals should choose a bank to open an account.
2. Open an account and deposit it in foreign exchange.
Individuals hold valid identification to open a foreign exchange trading account in a bank, sign a Personal Firm Foreign Exchange Trading Agreement, and then deposit it in foreign exchange. Of course, they can also transfer their existing cash account deposits to banks that offer personal foreign exchange trading business, and handle online transactions and telephone entrusted transactions to open accounts.
If you use OTC trading, you need to pay attention to the following points.
Bank of Communications and Bank of China have no restrictions on the initial amount of account opening. China Construction Bank and Industrial and Commercial Bank of China have a starting amount of US$ 50.
If the telephone transaction is adopted, it should be noted that the starting amount for opening an account of Bank of Communications is USD 300 equivalent in foreign currency, while that of Industrial and Commercial Bank of China is USD 65,438+USD 000 equivalent in foreign currency.
3. Determine your strategy of foreign exchange and make a good foreign exchange trading plan.
In addition, investors can also choose some formal foreign exchange platforms to open accounts and conduct foreign exchange transactions.
Note: There are many foreign exchange trading platforms, and the choice of foreign exchange platforms must be rigorous.