How do domestic banks make firm foreign exchange transactions?

It is relatively simple to conduct foreign exchange firm trading in domestic banks. The following are the detailed operation steps:

1. Preparation materials: You need to prepare ID cards, bank cards and other related materials to handle a firm foreign exchange trading account in a bank.

2. Choose a bank: you can choose major domestic banks, such as Bank of China, Industrial and Commercial Bank of China and China Construction Bank. , providing trading services for foreign exchange companies.

3. Opening an account: Go to the selected bank outlet, submit relevant materials and open a firm foreign exchange trading account. When opening an account, you need to fill in the application form, sign an agreement and set the transaction password.

4. Deposit funds: after opening an account, you need to deposit a certain amount of funds as a deposit. Please note that the leverage ratio of foreign exchange firm trading is high, and it is not necessary to deposit all the transaction amount, just pay a certain percentage of the deposit.

5. Download trading software: Banks will provide special foreign exchange firm trading software, which you can download in official website or search the foreign exchange trading apps of relevant banks in the mobile app store.

6. Log in to the trading software: log in to the trading software with the user name and password set when opening an account and start the firm foreign exchange trading.

7. Trading: In the trading software, you can view the real-time foreign exchange market, select the trading variety, and set the trading amount, direction and price. After confirmation, submit the order and complete the transaction.

8. Closing and settlement: When you want to close a transaction, you can close it through trading software. After closing the position, you can view the transaction details, including profit and loss, handling fees and other information.

It should be noted that the risk of foreign exchange firm trading is high, so you should trade on the premise of fully understanding the market risk and your own risk tolerance. At the same time, abide by relevant laws and regulations, standardize trading behavior, and avoid illegal operations.