The complex state of the foreign exchange market and the guide to ausforex selection

I have been making orders for many years. During this period, I have come into contact with various traders and investment companies, and I have also encountered many platforms that need to be vigilant. I really feel that the situation in China's foreign exchange industry (maybe not just foreign exchange, but also futures and stock industries) is more complicated.

China's financial derivatives trading industry can be summed up in two words: complex.

Leaving aside the issue of supervision for the time being. Take the foreign exchange industry as an example, there are some small platforms that are not standardized enough, as well as the improper behavior of some agents, which has troubled many investors. Many novice investors who have just entered the industry have almost stepped on the pit.

First of all, the first common phenomenon is to recruit traders in the name of guiding investors to train andaccount openingThis is a simpler way to induce.

The second is the order calling service. In fact, there are analysts with better skills in order calling, but it should be reminded that many order callers operate demo accounts rather than real orders, because regular order callers can avoid the impact of mentality on winning rates through simulation. As for those who claim to do real orders, its authenticity is difficult to judge. As far as I know, some order callers use virtual capital accounts provided by cooperative platforms, which is not uncommon in the industry.

The third is a more serious problem, namely the spread of false information. Some organizations, unregulated platforms, and agencies hire people to post negative news about other platforms on major forums, Q & A platforms, and sometimes even spill over to legitimate platforms. These people usually just post accusations of problems on one platform without any actual evidence, or use screenshots of problems on other platforms to mislead.

Therefore, based on years of foreign exchange experience, I have a deeper understanding of this market. As an experienced person, the advice for beginners is: open an account should choose something likeAUSFOREXSuch a regulated formal platform should not be gullible in its promise to call for orders. It is only a long-term solution to hone one one's trading skills.