Master the six characteristics of "foreign exchange margin trading" and easily gain wealth

        I'm sure you've heard of "foreign exchange margin trading", but how can you quickly help yourself accumulate wealth? In addition to calling the trading offices of banks, is there a simpler way to operate? You must not miss the following introductory course on investment fundamentals!

        Global foreign exchange transactions are conducted 24 hours a day in different time zones, with a daily trading volume of more than US $6.6 trillion. The trading currencies are US dollar, Japanese yen, euro, British pound, Swiss franc, Australian dollar, New Zealand dollar and Canadian dollar. "Foreign exchange margin trading" refers to the operation of enlarging the capital multiple by using the principle of financial leverage, that is, the customer deposits a margin in the bank to obtain the agreed magnification, and uses the fluctuation of exchange rate rise and fall to engage in foreign exchange trading to strive for the opportunity to earn profit on price difference. However, it usually does not actually deliver the traded foreign exchange, but will deal in the opposite direction in the future (also known as "closing position"), Exchange rate difference profit and loss after settlement and closing.

        There is no centralized and fixed place for international spot foreign exchange transactions. Regional banks are arranged through international currency brokers to quote each other by means of telephone or electronic transaction connection. Taiwan's "foreign exchange margin trading" began in 1991, and the banking industry was approved by the central bank to apply for this business. Far Eastern International Bank provides customers with a trading limit up to 20 times the margin, and the senior trading team assists customers with 24-hour and year-round services.

        At the beginning of the operation, customers must call the bank's trading room for transactions. Until 2013, Far Eastern International Bank launched the computer version of "fetp foreign exchange margin Internet trading platform" among its leading peers, customers can use the Internet to place orders for transactions, and the domestic foreign exchange margin trading business has entered a new milestone. Far Eastern International Bank further provides mobile phones or tablet PCs for mobile orders, so as to facilitate customers to obtain the exchange rate synchronized with the global market and quickly grasp the market pulse.

        As one of the investment products, foreign exchange margin trading has six characteristics:

        1、 . magnification operation: when a customer deposits a sum of money as a deposit, the bank will usually give 10 ~ 20 times the trading quota for foreign exchange operation. Compared with the foreign exchange deposit generally traded with the actual amount, the customer can enlarge the amount of operation.

        2、 Two way Trading: foreign exchange margin trading can enter the market to "buy first and then sell", or "sell first and then buy". It can operate freely in both directions. It can profit by "buying low and selling high" or "selling high and buying low", which is more flexible than ordinary foreign exchange deposits.

        3、 Artificial manipulation is not easy: the foreign exchange market is an international market. The participants include: central bank, commercial banks, investment banks, life insurance industry, importers and exporters, hedge funds, investors or speculators. Due to the large number, artificial manipulation is less likely to occur.

        4、 High liquidity, no opening and closing restrictions: there is no centralized trading place or opening and closing restrictions in the foreign exchange market, so unlike the setting of the price limit in the stock market, the price completely depends on the market supply and demand, and the trading time covers different time zones around the world. Except holidays or temporary major accidents, the trading is uninterrupted for 24 hours.

        5、 The possibility of multiple profits: the funds deposited in the foreign exchange margin trading account can not only accumulate wealth through the exchange rate spread, but also because the bank will pay deposit interest, they can be deposited in time deposits to obtain higher profits. In addition, if the foreign exchange transaction is to buy high interest rate currencies and sell low interest rate currencies, there is a chance to earn the interest difference between the two currencies after the magnification.

        6、 Preset hanging orders to control risks: in order to avoid market fluctuations, customers can preset hanging orders, reserve stop loss and profit prices to lock in risks or profits, and specify the effective time of hanging orders.

        The most traditional way of foreign exchange margin trading is online price knocking (telephone inquiry), that is, the customer calls the Far Eastern International bank trading room and the trader makes a quotation. If the customer does not tell him to buy or sell, the bank will quote the bid and offer / ask at the same time. The customer can also tell him to buy or sell, and the bank will make a quotation directly or make use of it by itself "Fetp trading platform" transaction. The other way is the pending transaction, that is, the customer can preset the pending instruction and the bank will execute it on his behalf, provided that the handling fee is paid as the transaction cost.

        As for the calculation of profit and loss, the special account for foreign exchange margin trading of Far Eastern International Bank is based on US dollars. The foreign exchange purchased or sold by the customer is not actually delivered, but only settled after closing the position, and the price difference profit and loss is delivered, deposited into or deducted from the account.

        The surplus generated after the customer's position is closed shall be deposited by the bank into the customer's special account for foreign exchange margin trading on the delivery date (generally two working days); On the contrary, if there is any loss, it will be deducted from the customer's special account according to the delivery date. The customer must maintain a certain proportion of the margin in the special account. Once the loss proportion reaches the level of recovery of the guarantee, the bank will send a notice to the customer, otherwise it will be forced to close out when it touches the proportion of stop loss.

        Far Eastern International Bank provides up to 30 currency pairs for customer transactions, and the amount of each transaction shall not be less than USD 200000 or equivalent foreign currency. According to the trading volume information, GBP / USD has been the largest trading volume since this year, accounting for 42% of the total trading volume; The second is the US dollar against the Japanese yen (USD / JPY), accounting for 11% of the total trading volume, the US dollar against the South African dollar (USD / Zar) accounts for 10%, and the euro against the US dollar (EUR / USD) accounts for about 8%. The main customers are between 35 and 65 years old. In addition to people in the technology industry and doctors, there are also people in the education sector and housewives.

        The foreign exchange market is changing rapidly, so it is essential to master the market fluctuation and control risks. During the COVID-19 vigilance, many customers stayed indoors. Banks did not speed up the development of digital financial services. Far Eastern International Bank continued to optimize the functions of the online service platform for foreign exchange margin trading business, hoping to provide the most friendly and zero touch operational interface for the Chinese in the new era of globalization, technology and post epidemic.

        For "foreign exchange margin trading", please call 0809085818 or the website of Far Eastern International Bank foreign exchange margin trading: https://reurl.cc/DgV5nO

        appendix

        Calculation method of profit and loss in USD:

        (the following are examples for reference only and do not cover any warranty and actual conditions)

        ★     The direct quotation currencies are EUR / USD, GBP / USD, aud / USD, NZD / USD, etc., and the profit and loss are all USD.

        Calculation method of profit and loss: (selling price - buying price) × Transaction amount = profit and loss (USD)

        For example: buy 200000 EUR / USD at 12800 and sell 200000 EUR / USD at 12950 to close the position. 1.2950 1.2800 × 200,000 +USD 3,000

        ★     The indirect quotation currencies are USD / JPY, USD / CHF, USD / CAD, etc. the profit and loss must be divided by the exchange rate at the time of closing the position before they can be converted into US dollars.

        Calculation method of profit and loss: (selling price - buying price) × Transaction amount ÷ closing price = profit and loss (USD)

        For example: buy 200000 USD / JPY at 110.00 and sell 200000 USD / JPY at 109.00 to close the position. 109.00110.00 × 200,000÷109.00USD 1,834.86

        ★     Cross exchange rates EUR / JPY, EUR / CHF, aud / JPY, etc. take EUR and aud as the base currency and JPY and CHF as the exchange currency. The profit and loss must be divided by the exchange rate of the US dollar against the exchange currency at the time of closing the position before they can be converted into US dollars.

        Calculation method of profit and loss: (selling price - buying price) × Transaction amount ÷ market price of USD against currency = profit and loss (USD)

        For example, 200000 EUR / JPY was bought at 129.00, and then 200000 EUR / JPY was sold at 130.00. The market price of USD / JPY was 110.00 at the time of closing. 130.00129.00 × 200,000÷110.00USD 1,818.18

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