In China, individuals who speculate in foreign exchange need to find international foreign exchange dealers under international financial supervision to make online investments.
Personal speculation in foreign exchange is speculation in international foreign exchange. No matter how they open accounts, trade and fund, they all happen abroad, and so do financial regulators.
International foreign exchange transactions are legal.
It is legal for individuals to speculate in foreign exchange, as long as you are doing a legal foreign exchange trading platform.
Foreign exchange, called foreign currency in English, is a creditor's right held by monetary management organs (central bank, monetary management institution, foreign exchange stabilization fund and Ministry of Finance) in the form of bank deposits, treasury bonds and long-term and short-term government securities. Can be used when the balance of payments is in deficit.
Including foreign currency, foreign currency deposits, foreign currency securities (treasury bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ).
Foreign exchange trading refers to the way of buying one currency in a pair of currency combinations and selling the other currency at the same time. The exchange rates of various currencies in the international market fluctuate frequently, and they are traded in the form of currency pairs, such as Euro/USD or USD/JPY.
The main advantage of the foreign exchange trading market lies in its high transparency. Due to the huge transaction volume, the main funds (such as government foreign exchange reserves, multinational consortium fund exchange, foreign exchange speculators fund operation, etc. ) has a very limited impact on market exchange rate changes. On the other hand, from the fundamental analysis of exchange rate fluctuations, it is usually important data released by governments (such as GDP and GNP central bank interest rates), speeches by senior government officials, or news released by international organizations (such as the European Central Bank) that can have a greater impact.
There is no specific place in the foreign exchange market, and there is no central exchange. All transactions are conducted between banks through the Internet. Any financial institution, government or individual in the world can participate in trading 24 hours a day.
The foreign exchange market runs continuously for 24 hours, rising and falling, and never stops. Its trend is like the transition between day and night on the earth, and it goes on and on. Accordingly, the market trend of exchange rate is divided into four stages: bottoming, rising, topping and falling.
The role of foreign exchange:
1. Promote the development of international economy and trade.
2. Adjust the surplus and deficiency of international funds.
3, is an important part of a country's international reserves, but also the main means of payment to pay off international debts.
Foreign exchange trading platform refers to some independent traders with certain strength and credibility in the foreign exchange market, who constantly quote the buying and selling price of currency to investors (that is, two-way quotation), and accept investors' buying and selling requirements at this price except legal holidays.
The platform can hold its own funds to trade with investors. When the market transactions are sparse, buyers and sellers do not need to wait for the counterparty to appear, as long as there is a "counterparty" to undertake the transaction, they can reach a transaction. This will form an uninterrupted business and maintain the liquidity of the market.