(1) The trading "place" is quite special.
The "place" of a trading place in the foreign exchange market may refer to a place, trading network or trading institution.
Unlike other markets, the foreign exchange market does not have to have a trading place. This place can be tangible or intangible-a network composed of telephones, telex, computer terminals, communication lines and so on. , through the trading instructions to achieve foreign exchange trading, capital delivery and capital transfer.
Generally speaking, foreign exchange transactions are not conducted in specific places.
(2) A highly integrated market.
The currencies traded in the foreign exchange market are the same all over the world and have great homogeneity. Moreover, due to the frequent arbitrage behavior of money flow, the fluctuation of exchange rate was eliminated and the price was finally balanced.
(3)24-hour trading.
On a global scale, due to the time difference, the opening and closing times of foreign exchange markets in different countries are also different, thus forming a continuous market in time and space.
(4) The transaction currency is centralized, which is convenient for operation.
The currencies traded in the foreign exchange market are relatively concentrated, mainly in US dollars, euros, Japanese yen, British pounds, Swiss francs and Australian dollars. , easy to operate.
(5) The transaction volume is large and it is not easy to be manipulated.
The foreign exchange market is the largest in the world, with many participants, including commercial banks, foreign exchange brokers, central banks, enterprises and individuals.
Regardless of the size of the participants, it is difficult to have a sustained impact on the foreign exchange market.