The foreign exchange trading platform uses MT4 trading software, which can be seen in both real and simulated trading. In the upper left corner of the software, if the simulated quotation shows the simulated account, the firm offer shows the trading account.
Foreign exchange transaction is the exchange of one country's currency with another. Different from other financial markets, the foreign exchange market has no specific location and no central exchange, but trades through electronic networks among banks, enterprises and individuals. Foreign exchange trading is to buy one of a pair of currencies at the same time and sell the other. Foreign exchange is traded in the form of currency pairs, such as Euro/USD or USD/JPY.
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Matters needing attention in foreign exchange trading:
1. To learn about investment products, you can learn about them through materials, books and the Internet. Foreign exchange trading can provide simulation trading to familiarize yourself with the market in advance. You just need to download the trading software and register the same trading account according to the available idle funds, specializing in one or three varieties.
2. Simulated trading must be practiced constantly to form its own trading mode. Don't place an order at will, and reapply for an account after the loss is over.
3. The purpose of simulated trading is to make customers familiar with the market, develop the habit of taking notes, why to place an order, why to close the position, position control and the formation of the order mode. Trading is a process that needs constant practice, proficiency and mastery.
4. In the initial stage of opening positions, in the process of opening positions in the middle, stop-loss positions are set and funds are allocated when moving.
Baidu encyclopedia-foreign exchange trading