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What are the requirements for doing foreign exchange?
If the conditions for opening an account are simple, you can apply online. For foreign exchange futures, you must have a margin of more than $65,438+$00,000. Once you open an account in Hong Kong, you can do business online in the future. You must hold foreign currency, because RMB has foreign exchange control. Foreign exchange margin is generally based on US dollars. If the profit of foreign exchange speculation is less, the risk is greater. How much is actually needed is determined by the account opening institution. Generally, there are 5% to 20% empty positions. As low as 2%, but the risk is too great, it is recommended not to use it. If you open an account in China, it is recommended to buy a foreign exchange fund issued by a bank, but the income is generally not too high. Whether psychologically or materially, the most basic condition of personal foreign exchange trading is to be able to bear losses. I am in the financial industry; Most foreign exchange speculators I met are unable to take the risk of foreign exchange trading. You must find out how much money you can lose at most, and then you must admit the loss and quit, otherwise the foreign exchange market will allow you to lose the money you have earned for several years in a few days.