What Are Different Types of Foreign Exchange Jobs?

The foreign exchange businesses operated by commercial banks include foreign exchange deposits, foreign exchange loans, foreign exchange remittances, international settlement, credit investigation, consulting, witness business, and foreign exchange settlement and sales business.

Foreign exchange business

Commercial banks operate foreign exchange businesses: foreign exchange deposits,

Agent foreign exchange fund clearing:

ICBC is China's largest clearing bank and has the most advanced domestic capital.

Foreign exchange, which is foreign currency or can be used in foreign currency

Interbank and financial institution customers with corresponding business qualifications.

Interbank and financial institution customers with corresponding business qualifications can apply for it.

The first point: make good use of the financial budget, remember not to use the necessary funds for life as capital. Making good use of financial budgets, remembering not to use necessary funds for life as capital is the first rule for novice speculators. To become a successful foreign exchange trader, you must first have sufficient investment capital. If a loss occurs, it will not affect life.

Second point: make good use of stop-loss orders to reduce risk. While speculating in foreign exchange, we should establish a range of tolerable losses and make good use of stop-loss transactions so that no huge losses will occur. The loss range depends on the account funds. It is best to set the account at 3% -10%. When the loss amount has reached your tolerance limit, do not find excuses to try to make a bet, you should immediately close the position. Stubbornness is a terrible thing in foreign exchange trading.

The third point: learn to implement the trading strategy thoroughly, do not make excuses to overturn the original decision. The biggest fatal injury of foreign exchange speculation is that when you (when the loss has expanded) you start to make excuses to close the position without confessing to compensation, thinking that the market may suddenly turn around. Don't let the risk exceed the original tolerable range. Once the loss has reached the original set limit, don't hesitate to close the position immediately. The currency market is unpredictable. Since losses have already occurred, don't let it expand.

The fourth point: record the factors that determine the transaction. It is best to record the factors that determine the transaction in detail every day, to see if there is any event news at that time, or other reasons, let you make a trading decision, analyze it after making a transaction, and record the profit and loss results. To learn the basics, go to the download channel of Global Gold Exchange.

Fifth point: It is also the most basic and important foreign exchange speculation principle. Follow the trend and do not go against the trend. Loss positions should be terminated as soon as possible; profit positions can be held as long as they are held. Another important rule is not to allow losses to occur on the previously profitable positions. In the face of the sudden reversal of the market, instead of closing positions in situations where there is no profit, do not let the previously profitable positions become losses. .