How to Start Forex Trading in China

Forex trading, or foreign exchange trading, is all about buying and selling currencies to make a profit. It’s one of the largest financial markets worldwide. Imagine exchanging Chinese Yuan for US Dollars because you think the Dollar’s value will rise, when it rises, you make a profit, this is the basic idea of forex trading.

It’s a global market open 24/7, and anyone with an internet connection can participate. If you’re new to this, don’t worry, it’s simpler than it sounds, especially with the right platform. Beginners love it because you can start small, learn fast, and trade anytime, anywhere. But where do you begin? Let’s break it down.

Why Choose Deriv in China?

For beginners in China, Deriv stands out as the best forex trading platform. Why? It’s trusted by over 2.5 million traders worldwide, known for its easy-to-use interface, and prioritizes customer safety. Deriv is regulated by authorities like the Malta Financial Services Authority and the UK’s Financial Conduct Authority, so your money is in safe hands. Plus, they offer excellent customer support and a wide range of trading options—perfect for beginners.

Here’s what makes Deriv stand out:

• Trade forex, cryptocurrencies, commodities (like gold), and even synthetic indices.
• No hidden fees on deposits or withdrawals.
• Beginner-friendly apps (Deriv Go and Deriv X) for trading on the go.
• 24/7 customer support and a helpful community.

Is Deriv Available in China?

Yes! Deriv is fully accessible in China, along with Taiwan, Hong Kong, Malaysia, and Singapore. However, it’s not available in the USA, UK, UAE, Canada, and a few other countries. If you’re in China, you’re good to go.

How to start Forex Trading in China using Deriv

Step 1: Create Your Deriv Account

Starting takes less than 5 minutes:

1. Visit Deriv’s website and a create free account.
2. Enter your email and set a password.
3. Verify your identity (for security).

You can start with a demo account (practice with virtual money) or a real account.

Step 2: Download the Deriv Mobile App

Deriv offers two apps:

• Deriv Go: Perfect for quick trades. Focuses on forex, crypto, and multipliers.
• Deriv X: Advanced charts for serious traders.

Step 3: Fund Your Account

Deposit as little as $5 using:

• Bank transfers (min $5, processed instantly).
• Credit/debit cards (Visa/Mastercard, min $10).
• E-wallets like Skrill or Neteller (min $5).
• Cryptocurrencies (Bitcoin, Ethereum, etc., no minimum).

No fees!

Step 4: Start Trading Forex

1. Pick a market: Select “Forex” on the app.
2. Choose a currency pair: Like USD/CNY or EUR/USD.
3. Set your trade type: Beginners often start with “Up/Down” (predict if prices rise or fall).
4. Set duration: Trade for 15 seconds or up to 365 days.
5. Enter stake amount: Start small (e.g., $5).
6. Click “Buy”: Watch the market move!

Withdrawing Your Profits

Withdraw funds the same way you deposited:

• Bank transfers: 1–2 days.
• E-wallets/Crypto: 1 day.
• Credit cards: 1 day.

Minimum withdrawal: $5 (or 0.0026 Bitcoin).

Tips for Successful Forex Trading

1. Learn the Basics: Understand how forex markets work and the factors that influence currency prices. Deriv has a lot of materials you can learn with.
2. Start Small: Don’t risk too much money on your first trades. Start with small amounts and gradually increase as you gain confidence.
3. Use Risk Management Tools: Tools like stop-loss and take-profit orders can help minimize losses and lock in profits.
4. Stay Informed: Keep up with global financial news, as economic events can impact currency prices.

Stay Safe and Informed

• Never invest money you can’t afford to lose. Forex is risky, prices change fast.
• Use the demo account to practice risk-free. When you are confident you can start real trading
• If you get stuck or need any help contact Deriv’s 24/7 support via live chat or their Help Centre for questions.

Conclusion

Forex trading in China is easier than ever with Deriv. Its simple design, low costs, and strong security make it ideal for beginners. Start small, learn the ropes, and always trade responsibly.

Ready to try? Open your free Deriv account today and use the demo to practice before risking real money.

Deriv’s customer support is available 24/7 via live chat, email, or their online help center.

Disclaimer: Forex trading can lead to losses. Never trade with borrowed funds, and do your own research.