In fact, domestic foreign exchange trading hours generally refers to the working hours of Chinese banks. Foreign exchange is traded 24 hours a day. In fact, although the foreign exchange market is a 24-hour transaction, if you want to get more opportunities to make money, there are certain skills in choosing trading hours.
The trading hours in the foreign exchange market are actually the working hours of banks in various countries. At present, there are three major foreign exchange markets in the world: London market (European market), new york market (American market) and Tokyo market (Asian market). Choosing the right time to trade in different currencies is helpful to make a profit in the transaction, but it is not absolute.
Foreign exchange transaction is the exchange of one country's currency with another. Different from other financial markets, the foreign exchange market has no specific location and no central exchange, but transactions between banks, enterprises and individuals through electronic networks. "Foreign exchange trading" means buying one of a pair of currencies at the same time and selling the other. Foreign exchange is traded in the form of currency pairs, such as Euro/USD or USD/JPY.
Foreign exchange trading mode:
Spot foreign exchange transaction: also known as spot foreign exchange transaction, refers to a foreign exchange transaction in which both parties agree to handle the delivery within two working days after the transaction.
Forward transaction: also known as forward foreign exchange transaction, foreign exchange transactions are not delivered after the transaction, but are delivered at the time agreed in the contract.
Arbitrage: Arbitrage refers to a foreign exchange transaction that uses different foreign exchange markets, different currencies, different delivery times and differences in exchange rates and interest rates of some currencies to buy from the low-priced party and sell from the high-priced party to earn profits.
Arbitrage: A trading method that uses the interest rate difference between the two countries' currency markets to transfer funds from one market to another to earn profits.
Swap transaction: refers to a transaction that combines two or more foreign exchange transactions with the same currency but opposite directions and different delivery dates.
Foreign exchange futures: the so-called foreign exchange futures refer to futures contracts with exchange rate as the subject matter to avoid exchange rate risks. It is the earliest financial futures product.
Trading of foreign exchange options: foreign exchange options are traded in foreign exchange, that is, the option buyer obtains a right after paying the corresponding option fee to the option seller, that is, after paying a certain amount of option fee, the option buyer has the right to buy and sell the agreed currency at the exchange rate and amount agreed by both parties in advance on the agreed expiration date, and the buyer with the right also has the right not to execute the above-mentioned sales contract.
In the future, there will be a foreign exchange trading platform jointly established by banks and internet investment companies to reduce unnecessary costs for personal investment.
References:
Foreign Exchange Trading-Baidu Encyclopedia