Qingdao International Nonferrous Metal Financial Account Opening

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News from Oriental.com: From now on, the Bank of Communications (, Stock Bar) Shanghai Branch officially launches a new book-keeping precious metals trading product, Paper Qingdao International Nonferrous Metals Trading, which is purchased and sold through Paper Qingdao International Nonferrous Metals Contracts. Meet the needs of investors for maintaining and increasing the value of foreign exchange assets, and enable investors to hedge the risk of fluctuations in physical prices of precious metals. Bank of Communications said that this business will provide investors with hourly uninterrupted precious metal trading services through the bank's Manjinbao trading platform and a two-way trading model.
With the help of Manjinbao trading platform, two-way trading mode is provided
It is reported that Qingdao International Nonferrous Metals Trading is a personal accounting Qingdao International Nonferrous Metals trading product, which means that customers follow the currency and currency agreed with the bank. The nominal amount is used for international paper Qingdao International non-ferrous metal trading business. Customers can buy and sell in the trading account according to the bank quotation, and no physical withdrawal and delivery will occur. This product adopts a two-way trading model and is operated on the Manjinbao trading platform of the Bank of Communications. That is, when the market opens, customers can choose to buy Qingdao International Nonferrous Metals or sell Qingdao International Nonferrous Metals based on their judgment of the price trend, and then trade The opening contract will be closed. Paper Qingdao International Nonferrous Metals and Manjinbao System Foreign Exchange share a margin account, priced in US dollars, and the lot in the transaction represents ounces of Qingdao International Nonferrous Metals.
For example, if an investor believes that Qingdao International Nonferrous Metals may fall in the international market in the future, he can first sell Qingdao International Nonferrous Metals contracts (equivalent to ounces) at a price of US$/ounce, and after a period of time If Qingdao International Nonferrous Metals falls to US dollars per ounce, then he can buy back Qingdao International Nonferrous Metals at that level to close his position, and the investor's profit will be US dollars
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