First of all, there must be a legitimate source of foreign exchange. The basis of individual foreign exchange trading is the original foreign exchange in the hands of residents.
At present, the main channels for Chinese residents to obtain foreign exchange are: remittance, foreign exchange carried by returned laborers, foreign exchange carried by returned entrepreneurs, foreign exchange wage income of employees of foreign-funded companies, and black market trading in foreign exchange. Among them, black market trading in foreign exchange is illegal. Huimin should abide by the relevant state regulations on foreign exchange management.
The second is to pay attention to risks. The quotation of personal foreign exchange trading business is determined by referring to the real-time exchange rate of the international financial market and adding a certain bid-ask spread, so the quotation also fluctuates with the fluctuation of the international financial market, which has certain foreign exchange risks.
Third, constantly enrich the knowledge of foreign exchange speculation. To speculate in foreign exchange, you should have basic financial knowledge and understand the basic situation of the global foreign exchange market, such as the formation of foreign exchange, the motivation of participants, the formation of exchange rate quotations and so on. It is necessary to understand the basic factors that affect exchange rate changes, such as basic economic factors, political and media factors, policy factors of central banks, psychological and market forecasting factors, and emergencies. Successful Huimin is "Global Connect".
Fourth, we should have a good psychological quality, and we should not be arrogant in winning and unwilling in losing. Only by keeping risks in mind, stopping losses scientifically and taking profits in time can we become a successful foreign exchange speculator. (Editor: Fang Fang)