There has never been a business venue in China where retail investors can trade foreign exchange. Domestic investors who want to invest and trade foreign exchange need to search online for foreign exchange retail brokers established in other countries with sound regulatory laws and strict supervision to apply for account opening and trading.
Currently, there are thousands of forex brokers worldwide with varying degrees of qualifications. So, when we look for forex brokers, we must be cautious and avoid entering black platforms where we can't even withdraw our principal. It is best to apply for account opening and trading on old platforms that operate in countries such as FCA in the UK, ASIC in Australia, CBI in Ireland, FSA in Japan, and FSCA in South Africa and are subject to strict regulation. In addition, it is best for us to apply for an account on an old platform that has been in operation for more than 10 years. The longer the operation time of the old platform, the better the user experience and reputation, and everyone is willing to support and support it for a long time.
Opening an account is very simple. After finding a legitimate broker, we first prepare photos of the front and back of the account holder's ID card, as well as the bank card, mobile phone, and email under the name of the account holder's ID card. Next, we will enter the official website of the international retail broker, click to register a real account, and follow the required steps to register an account:
1. Fill in the name, email, and phone number of the account holder to create an account.
2. Complete the information required to create an account, and remember that the required information must be true and valid.
3. Complete the risk assessment questionnaire provided by the broker to the account holder, read and sign the risk disclosure letter.
4. Set account password, obtain your own trading account, and complete registration.
5. Upload photos of the front and back of the account holder's ID card and wait for the broker's real name authentication.
6. After passing the real name authentication, make a deposit in the personal center of the official website.
7. Log in to the MT4 trading platform and start trading forex.Foreign exchange trading takes a long time and can be conducted 24 hours a day from Monday to Friday. During the day, the market is usually light and not suitable for trading. At night, the market is active, with large fluctuations and many opportunities. Especially during the period of 20:00-24:00, which is an overlapping time period between Europe and America. During the day, we can work diligently without worrying about missing out on market trends. In the evening, we finished work and had ample time to observe and trade.
Foreign exchange can start trading with a single 0.01 lot, and the margin for trading 0.01 lots is less than a few dollars. Foreign exchange can be traded with leverage ranging from 100 to 400 times, allowing for small gains to big gains. Double directional trading, as long as you have the ability to identify trends and trade accordingly, there are opportunities for both upward and downward movements. There is no high capital threshold, and we can invest at least $100-200 to trade foreign exchange. Regardless of the size of their funds, investors can use a portion of their spare money that does not affect their own and their families' normal lives to trade foreign exchange.
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Kind reminder: Investment carries risks, so choose with caution.After reading the introduction of "How to open an account for personal forex trading and what are the procedures for opening an account" in the above content, everyone should have a clear understanding. I hope it is helpful to everyone. If you want to learn more about "how to open an account for personal forex trading and what is the process for opening an account", please follow Dawang Finance website. We will provide you with professional answers and assistance.
