Wellington foreign exchange market in New Zealand: 04: 00- 12: 00 (winter); 05: 00- 13: 00 (daylight saving time)
Foreign exchange market in Sydney, Australia: 06: 00- 14: 00 (winter); 07: 00- 15: 00 (daylight saving time)
Tokyo foreign exchange market: 08: 00- 14: 30.
Singapore foreign exchange market: 09: 00- 16: 00
Hong kong foreign exchange market: 10: 00 ~ 17: 00
Foreign exchange market in London, UK: 16: 30-00: 30 (winter); 15: 30-23: 30 (daylight saving time)
Frankfurt foreign exchange market: 15: 30-00: 30.
New york foreign exchange market: 2 1: 20-04: 00 (winter time); 20: 30-03: 00 (daylight saving time)
trading platform
Foreign exchange trading platform refers to some independent traders with certain strength and credibility in the foreign exchange market, who constantly quote the buying and selling price of currency to investors (that is, two-way quotation), and accept investors' buying and selling requirements at this price except legal holidays. The platform can hold its own funds to trade with investors. When the market transactions are sparse, buyers and sellers do not need to wait for the counterparty to appear, as long as there is a "counterparty" to undertake the transaction, they can reach a transaction. This will form an uninterrupted business and maintain the liquidity of the market.
Trading market
Foreign exchange trading refers to the way of buying one currency in a pair of currency combinations and selling the other currency at the same time. The exchange rates of various currencies in the international market fluctuate frequently, and they are traded in the form of currency pairs, such as Euro/USD or USD/JPY.
The main advantage of the foreign exchange trading market lies in its high transparency. Due to the huge transaction volume, the main funds (such as government foreign exchange reserves, multinational consortium fund exchange, foreign exchange speculators fund operation, etc. ) has a very limited impact on market exchange rate changes. On the other hand, from the fundamental analysis of exchange rate fluctuations, it is usually important data released by governments (such as GDP and GNP central bank interest rates), speeches by senior government officials, or news released by international organizations (such as the European Central Bank) that can have a greater impact.
There is no specific place in the foreign exchange market, and there is no central exchange. All transactions are conducted between banks through the Internet. Any financial institution, government or individual in the world can participate in trading 24 hours a day.
The foreign exchange market runs continuously for 24 hours, rising and falling, and never stops. Its trend is like the transition between day and night on the earth, and it goes on and on. Accordingly, the market trend of exchange rate is divided into four stages: bottoming, rising, topping and falling.
Trading means
Real deal
Firm foreign exchange transactions are those foreign exchange treasures and foreign exchange margin transactions of banks. The former can open an account through a bank, while the latter is mainly for some foreign dealers to open an account in China, because there is no domestic dealer. Firm foreign exchange trading is also called spot foreign exchange trading.
virtual trading
Foreign exchange margin trading, also known as virtual trading, means that investors use their own funds as a guarantee to enlarge the financing provided by banks or brokers for foreign exchange trading, that is, to enlarge the trading funds of investors. The financing ratio is generally determined by banks or brokers. The greater the financing ratio, the less money customers need to pay.
Terms of trade
Foreign exchange spread: In the foreign exchange market, the buying price and selling price are usually quoted at the same time. The difference between the buying price and the selling price is called the price difference.
Direct foreign exchange quotation
Direct foreign exchange refers to transactions involving dollar currency pairs. For example: Euro/USD, USD/JPY, GBP/USD.
Cross refers to transactions between two non-American currencies. For example: EUR/GBP, EUR/JPY, GBP/JPY.
Option: an option that can be exercised on any working day from the issue date.
Value-added: A currency is called "value-added" when its price increases due to market demand.
Arbitrage: buying or selling a financial instrument while doing exactly the same reverse operation in the relevant market to take advantage of the smaller price difference between different markets.
Selling price: the price at which a currency combination or security is sold; The price quoted by investors when they buy a currency combination. Also known as "buying price", "selling price" or "selling exchange rate".