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What processes should a newbie in foreign exchange go through?

The three steps are as follows:

In the first step, investors need to understand the characteristics of the foreign exchange market and the operating principles of foreign exchange investment.

Compared with the stock market, foreign exchange investment has the following major advantages:

1. 24-hour non-stop trading;

2. Starting capital, (Popular foreign exchange brokerage platforms like AETOS only require 250 US dollars to open an account for trading);

3. Leverage trading can be used to amplify investment returns;

4. T+0 Trading;

5. Two-way trading, you can buy long and sell short;

6. The trading products are concentrated and easy to choose;

7. The market is fair and fair. Stable and no insider trading.

The second step is to learn foreign exchange investment knowledge and trading skills. This can be achieved by attending foreign exchange investment lectures or opening a simulated investment account

It is also very convenient to open a simulated account. Investors can Exercise and improve your investment level through simulated investments.

The third step is to open a real account and start practicing.

AETOS is currently conducting a foreign exchange trading competition. You can also get bonus incentives by opening an account now. It is a good time to open an account.

Extended information:

Foreign exchange precautions

Before opening an account, you must first check the regulatory agency that the foreign exchange dealer is subject to, because foreign exchange margin trading has not yet been opened in China. .

Among the regulatory agencies, the US NFA (National Futures Association) is the first choice. NFA is the most standardized among many regulatory agencies. The leverage of platforms regulated by the US NFA is 50-100 times.

Secondly, the British FCA (British Financial Services Authority) is the world's largest foreign exchange regulatory agency. Many platforms are under his supervision. For the platform you choose, you must first check which country's regulatory agency it is. If you have an ID number, you can check it on the regulatory website of the country's government.

1. Experience in the nature of platform performance tells us that problems may occur on any platform, but losses are never caused by problems with the platform, but because you force yourself into it!

Mainstream platforms will compensate customers for losses caused by their own technical problems, as long as you provide conclusive evidence instead of wishful thinking about what the platform is like.

As for floating and fixed spreads, the spreads in normal inter-bank transactions are all floating, so people's aversion to floating is an irrational understanding.

2. Withdrawal speed What users are most concerned about is whether the withdrawal is safe and timely after making money in the financial market. On platforms regulated by the US NFA and the British FCA, if the broker delays the withdrawal time for more than one month, users can directly write to complain to The compensation from American NFA or British FCA will be staggering.

Secondly, large securities firms will only accept deposits and withdrawals from the account holder himself in order to prevent international money laundering and protect customer funds. The name of the person who withdraws the money needs to be the same as the name of the person who opened the account.

Generally, it takes about 20 days from applying for withdrawal to receiving the money in your bank account, which includes the review of the application by the securities firm, the review of the remittance by the National Bank of the United States, and the review of the inflow of overseas funds by the Central Bank of China. review and the time required to transfer funds from the People’s Bank of China to the bank where the user has an account.

If it is a large brokerage agency with offices in China, the speed will be much faster, and it will directly save a lot of cumbersome review procedures.

Reference materials: Introduction to foreign exchange-Baidu Encyclopedia