Frequently Asked Questions

The icon is clear and simple, the account position display information is relatively clear and concise, and it is relatively easy to use. The most direct thing is that there is no need to install software, and it can be run directly on the web page, and transactions can be made anytime, anywhere with the Internet .

The way to make money is generally to buy low and sell high or sell high and buy low. Because leverage is provided, you can participate in the foreign exchange market with less money and earn more profits.

Foreign exchange is considered to be the fairest and most transparent market on earth. The main reason is that because of the large number of market participants, the huge scale and the number of transactions, no single country or bank can fully control the direction of the currency.

The foreign exchange market has no fixed place and belongs to over-the-counter transactions. Unlike futures and stocks, it is not traded on an exchange. Instead, it is a non-counter transaction between banks, governments, hedge funds or private investors, usually through electronic communication, which can be traded 24 hours a day, 5 days a week.

Participants in the foreign exchange market are mainly central banks, commercial banks and investment banks, but in recent years, due to the impact of the development of the Internet on the foreign exchange market, the number of participants has greatly increased. Participants in foreign exchange transactions now include large multinational companies, fund managers, registered dealers, currency brokerage companies and private investors.

The foreign exchange market is a 24-hour market that moves every trading day from Wellington, New Zealand to every financial center in the world. Most of the foreign exchange transactions here take place in Tokyo, London and New York. The forex market opens at 10:00 pm (GMT) on Sunday and closes at 10:00 pm (GMT) on Friday.

There are various fundamental or technical factors that cause foreign exchange rates to fluctuate. Generally speaking, the most common factors that cause exchange rate fluctuations are interest rates, inflation and political stability. Sometimes the government may sell or buy a currency in the open market to affect the value of the currency in order to meet the needs of domestic economic development. This is also called open market operation and may have a certain impact on currency movements in the short term. However, due to the diversity and large-scale nature of foreign exchange market participants, there are no factors that can affect the operation of the foreign exchange market in a single direction for a long time.

There are many risk management strategies to control risk in foreign exchange trading. The most commonly used of these are stop loss and limit price. Stop loss can be set directly on the HIL platform to avoid a wide range of risks by setting a loss that you can bear. Limits and Stops are executed in the same way, but can be set at higher prices.

Forex traders usually use technical analysis or fundamental analysis strategies. In recent years, technical analysis has become more and more popular. Technical traders make some short-term or mid-term transactions through the judgment of trend lines, support lines and resistance lines. Others trade by interpreting economic information, such as news, government reports, economic data and even certain rumours. In addition, some speculators are interested in emergencies other than fundamentals and policies. And these emergencies, such as central bank intervention, interest rate changes, political time and even wars, all have a relatively large impact on the market. Once you seize the opportunity, you can get huge profits.