Can anyone tell me why Chinese currency is not available for trade ?
thank you
The government of China wants to manipulate their currency so they put controls on foreigners buying the Yuan and their own people buying foreign currencies.
No. If they let it flow . It will go up very fast and everything made in China will not be so cheap any more!
Since my post of yesterday, I found out that foreigners are now allowed to open Yuan accounts with the Bank of China. This is very recent and I don’t know any details.
The Chinese YUAN is available for trade.
LOOK
Is it limited to certain brokers then ? I can’t get it on mine
You can trade just about any currency with Oanda, but you don’t want to, stick to the Euro to begin with and maybe the GBPUSD, especially at the beginning, pick one and stick to it.
Yes I am sticking to the EUR/USD now, I was just curious about Chinese currency
thank you
Yeah, that is what I understand as the Yuan is seriously under valued right now. I do believe as said above that you can trade it, but its limited to some degree.