How to buy and sell foreign exchange

Individuals who want to conduct foreign exchange transactions must first open a foreign exchange trading account, which can be handled through an international formal trading platform and is strictly supervised by the regulatory authorities;

Prepare your ID card, valid mobile phone number and email address before opening an account, upload information through the online account opening window, and pass the examination. Under the account, save money Opening an account is free, and there is no handling fee for the transaction.

Foreign exchange transactions are leveraged transactions, and the margin requirements are very small. At least 0.0 1 lot can be traded, and the deposit is $5. You can buy and sell at any time, and there is no limit to the ups and downs.

The foreign exchange market refers to the trading place where foreign exchange transactions are conducted, or the place where different currencies are exchanged. The foreign exchange market exists because:

Trade and investment: importers and exporters pay in one currency when importing goods, and charge in another currency when exporting goods. This means that they receive and pay in different currencies at the time of settlement. Therefore, they need to convert some of the money they receive into money that can be used to buy goods. Similarly, a company that purchases foreign assets must pay in the currency of the relevant country, so it needs to convert its own currency into the currency of the relevant country.

It is speculated that the exchange rate between the two currencies will change with the change of supply and demand between the two currencies. Traders can make a profit by buying a currency at one exchange rate and then selling it at another more favorable exchange rate. Speculation accounts for the vast majority of transactions in the foreign exchange market.

Hedging: Due to the exchange rate fluctuation between two related currencies, companies (such as factories) with foreign assets may suffer some risks when converting these assets into local currency. When the value of foreign assets denominated in foreign currency remains unchanged for a period of time, if the exchange rate changes, the value of such assets will be converted into domestic currency, which will generate profits and losses. Companies can eliminate this potential profit and loss by hedging. This is the execution of a foreign exchange transaction, and the transaction result just offsets the gains and losses of foreign currency assets brought about by exchange rate changes.

The foreign exchange market refers to the trading place where foreign exchange transactions are conducted, or the place where different currencies are exchanged. The foreign exchange market exists because:

1. Trade and investment: importers and exporters pay in one currency when importing goods, and charge in another currency when exporting goods. This means that they receive and pay in different currencies at the time of settlement. Therefore, they need to convert some of the money they receive into money that can be used to buy goods. Similarly, a company that purchases foreign assets must pay in the currency of the relevant country, so it needs to convert its own currency into the currency of the relevant country.

2. It is speculated that the exchange rate between the two currencies will change with the change of supply and demand between the two currencies. Traders can make a profit by buying a currency at one exchange rate and then selling it at another more favorable exchange rate. Speculation accounts for the vast majority of transactions in the foreign exchange market.

3. Hedging: Due to the exchange rate fluctuation between two related currencies, companies (such as factories) with foreign assets may suffer some risks when converting these assets into local currency. When the value of foreign assets denominated in foreign currency remains unchanged for a period of time, if the exchange rate changes, the value of such assets will be converted into domestic currency, which will generate profits and losses. Companies can eliminate this potential profit and loss by hedging. This is the execution of a foreign exchange transaction, and the transaction result just offsets the gains and losses of foreign currency assets brought about by exchange rate changes.