I have a talent market

Chapter 123 Opening an Account

However, Zhang Xu did not choose to conduct futures trading in China.

There are a lot of domestic restrictions, and there is not such a high leverage to operate. He hopes to go abroad to speculate in futures, which can not only avoid taxes but also hide wealth.

He is currently only conducting futures trading and will not form a foundation.

If you want to form a fund, the things involved are complicated, from fundraising, to research, risk control, investment management... There are a lot of things that need to be taken care of.

Moreover, Chen Xuezhong is just a novice, and he is not yet able to support this complicated project.However, he still knows more about common sense than Zhang Xu. After all, is there a specialization in karma?

"What should we do if we want to conduct futures trading abroad?"

Zhang Xu called Chen Xuezhong over again and asked.

Chen Xuezhong thought for a while and replied: "Foreign futures trading is similar to that in China, and there are 7 steps:
(1) Futures traders enter the account opening procedures in the brokerage company, including signing a letter of authorization authorizing the brokerage company to act on behalf of the sales contract and paying the handling fee. The indicator handles the trading of futures.

(2) After the broker receives the customer's order, he immediately notifies the representative of the brokerage company stationed in the exchange by telephone, telex or other methods.

(3) The trading representative of the brokerage company stamps the received order with a time stamp and sends it to the market-exiting representative in the trading hall.

(4) The on-site market representative enters the customer's order into the computer for trading.

(5) After each transaction is completed, the on-exchange market representative must notify the off-exchange broker of the transaction record and notify the client.

(6) When the client requests to close the futures contract, the broker must be notified immediately, and the broker will notify the trading representative stationed at the exchange by telephone, and the futures contract will be hedged through the on-site market representative, and at the same time through the transaction The computer performs liquidation, and the broker sends the net profit or loss statement after hedging to the client.

(7) If the customer does not close the position in a short period of time, it is generally settled once a day or a week at the settlement price of the exchange on that day.If there is a loss in the book, the customer needs to temporarily make up the loss difference; if there is a book surplus, the brokerage company will make up the profit difference to the customer.Until the client closes the position, the actual profit and loss will be settled. "

Chen Xuezhong's professional knowledge was very slick. After a long paragraph, he stopped and looked at Zhang Xu. If Zhang Xu traded futures, he would like to go with him.

"boss!"

Zhang Xu was thinking about a problem when he suddenly heard Chen Xuezhong calling him. Turning his head, he found that he was looking at him with pitiful eyes.

"You are this?"

"Boss, I want to participate too!"

Chen Xuezhong said pitifully.

Zhang Xu trembled when he heard this voice, he is not as good as Long Yang, what's the matter with a big man acting like a baby to him?
"All right, all right! Quickly take back your supernatural powers, I will let you participate!"

Chen Xuezhong: "Thank you, boss! Thank you, boss! I'll go get ready first."

After speaking, he ran away in a hurry, as if he was afraid that Zhang Xu would regret it.

After thinking for a long time, Zhang Xu decided to conduct crude oil futures trading in China first, and then go abroad to make money after he has sufficient capital.

Decide to do it.

Zhang Xu called Zhang Yunfei right away, there is a futures trading market in Shangdu, and Zhang Yunfei's family, as a rich local aboriginal, must be involved in the trading.

But he is still a layman. These things can be operated by computers long ago, and the Shangdu Commodity Futures Exchange does not have crude oil futures. If you want to trade crude oil futures, you have to do it at the Shanghai Energy Center.

The most important thing is that the exchange cannot open a futures account for individuals. To open a futures account, you need to open it in a futures company. He was laughed at by Zhang Yunfei for no reason.

But in the end, Zhang Yunfei still gave him a call and asked him to call him at this number. Shangdu also has a regular futures trading company.
This is also his fault, he was the one who drove Chen Xuezhong away, otherwise Chen Xuezhong would not have let him make such a low-level mistake.

Zhang Xu hung up the phone with a dark face, and he swore in his heart that he would not be merciful in the ring next time, and let Zhang Yunfei know the price of laughing at him.

.........

However, an account still needs to be opened. He called Zhang Yunfei's Faxiao, followed his instructions to register an account with their company on the computer, and submitted an application for opening an account.

Their futures company ranks among the top five in the country, with strict supervision and strong strength.

Moreover, this futures company has a background of state-owned assets controlled by securities companies. Its trading services are very thoughtful, and its software, hardware, and trading channels are much better than ordinary companies.

While waiting for the broker's review, he opened the information given to him by the system mall.

Zhang Xu looked at this winding and uneven road map, every high point and every low point was an opportunity for him to make a fortune.

Futures trading is similar to stock trading, both buy low and sell high to earn the difference.

However, futures trading adopts the T+0 trading mechanism, and multiple transactions can be made within a day.Stock trading adopts the T+1 trading mechanism, buying on the same day and selling on the next day.

Futures can be short or long, two-way trading, and investors can make profits or losses by shorting or long.Stocks can only be bought first and sold later.

There are no transfer fees, stamp duties and other transaction fees for futures, and futures companies charge established transaction fees for each transaction.The transaction costs of stocks include commissions, stamp duties, transfer fees, etc.

In addition, futures are traded on margin, while stocks are not leveraged.Investors must purchase the shares in full.

So Zhang Xu still wants to conduct futures trading, so if there is no risk, who would not want to do 1000 million or even 5000 million transactions for 1 million!

There is no risk for Zhang Xu to do this business.

In less than an hour, his account passed the review, and Zhang Xu's customer rating was very high. The futures trading company also arranged for him a customer specialist who was responsible for solving the problem for him, and he could tell from the voice that it was A beautiful young lady.

After the account was opened, he began to raise funds. After a long time of scraping together, he raised more than 700 million. He converted these into 100 million US dollars and deposited them in the trading account, and kept the rest for his own use.

By the time Zhang Xu finished raising funds, it was already evening. The trading hours of international crude oil futures are generally from 7:5 a.m. to [-]:[-] a.m. the next day, BJ time, so as not to delay his money-making plan.

There is a reason why he chose international crude oil futures trading. To put it bluntly, this kind of trading is a bet between two people.

One person is optimistic and the other is bearish, and then it depends on how the futures price changes.

As the price rises, those who are bullish will gain and those who are bullish will lose.

The price becomes lower, and those who are short will gain and those who are long will lose.

And Zhang Xu knows the price trend, he will definitely not lose money, so the one who loses money is the bettor.

Although Zhang Xu didn't know who he was betting against, the probability of encountering Chinese people while operating international crude oil futures was much smaller.

He should go to Huo Huo Foreigner! ! !
(End of this chapter)