Due to the different geographical locations of financial centers around the world, the Asian market, the European market and the American market have become a global foreign exchange market that operates 24 hours a day because of the time difference. At 8: 30 in the morning (subject to new york time), the new york market opens at 9: 30 in Chicago, at 0: 30 in San Francisco/KLOC-0, at 8: 30 in Sydney/KLOC-0, at 9: 30 in Tokyo/KLOC-0, at 20: 30 in Hong Kong and Singapore, at 2: 30 in Frankfurt and at 3: 00 in London. In this way, the foreign exchange market will become a day and night market, and it will only be closed on Saturday and Sunday and major festivals in various countries. This continuous operation provides an ideal investment place for investors, and investors can find the best trading opportunity without the obstacles of time and space. For example, if an investor buys yen in the new york market in the morning and the yen rises after the opening of the Hong Kong market in the evening, and the investor sells it in the Hong Kong market, then he can participate in trading in any market and at any time, no matter where the investor himself is. Therefore, the foreign exchange market can be said to be a market without time and space obstacles.
Since the birth of the foreign exchange market, exchange rate fluctuations have been increasing. In September of 1985, 1 USD was exchanged for 220 yen, while in May of 1986, 1 USD was only exchanged for 154 yen. Within eight months, the yen appreciated by 27%. In recent years, the foreign exchange market has been more volatile. 1 September 8th, 992 1 GBP to USD 2.0 100, 10/0 days,1GBP to/kloc-0 1.5080. Not only that, the daily exchange rate fluctuation in the foreign exchange market is getting bigger and bigger, and it is common for 2% to 3% to rise and fall every day. 1September 992 16, the pound fell from 1.8755 to 1.7850 against the dollar, and the pound fell by 5% a day. It is precisely because of the frequent fluctuations in the foreign exchange market, which has created more opportunities for investors and attracted more and more investors to join the ranks. ジヽギ Answer adoption rate:100.0% 2008-12-14 20: 51Do you think this answer is good? Good (6) bad (0) foreign exchange.
Forex (Forex for short) is a transaction of buying one currency and selling another currency instantly; It is the largest trading market in the world. Foreign exchange allows people to profit from transactions between currencies by predicting the rise and fall of currency value within a certain period of time (for example, within 15 minutes after buying). For another example, someone can choose to appreciate the dollar against the euro at 4 pm. The foreign exchange market is the largest financial market in the world. Everyone can participate as long as they reach the legal age 18, thus increasing the little fun in life!
At first, the first listed currency was called the "base currency", and the US dollar was usually used as the "base currency". People usually use the US dollar as the base point of the base currency against other currencies (such as the Japanese yen).
The dollar is usually used as the "base" currency for quotation; For example, if USD/JPY is quoted at 2.34, then 1 USD is equal to 2.34 JPY.
When the dollar is the basic unit, when the currency quotation rises, it means that the dollar appreciates and another currency weakens. If the USD/JPY quotation is 2.50 after the specified time, it means that the USD is stronger, because you can buy more JPY with USD. In addition to this rule, there are currencies based on the pound or the euro against the dollar. Then in this case, the dollar is the weak side.
To sum up, if the currency quotation is higher, it means that the base currency appreciates, and the quotation is lower, which means that the base currency weakens.
The main channels of foreign exchange transactions:
1. Use the interbank system directly, such as the 2 000- 1 Reuters trading system.
2. Bidding broker
3. Electronic brokerage system, such as 2 000-2 Reuters Trading System.
foreign exchange trading
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. Website of online foreign exchange trading: /Gateway.aspx? gid=26807
"Foreign exchange trading" refers to buying one of a pair of currencies at the same time and selling the other currency. Foreign exchange is traded in the form of currency pairs, such as Euro/USD or USD/JPY.
The foreign exchange market, also known as "Forex" or "FX" market, is the largest financial market in the world, with an average daily transaction volume of more than $65,438+$0.5 trillion-equivalent to more than 30 times of the total transaction volume of all securities markets in the United States.
From the nature and types of transactions, foreign exchange transactions can be divided into the following two categories:
1. Basic foreign exchange transactions to meet customers' real trade and capital trading needs;
2. On the basis of basic foreign exchange transactions, foreign exchange derivatives transactions are conducted to avoid and prevent exchange rate risks or for foreign exchange investment and speculative needs.
The basic foreign exchange transactions belonging to the first category are mainly spot foreign exchange transactions, while foreign exchange derivatives transactions include forward foreign exchange transactions, foreign exchange selective transactions, swap transactions, swap transactions and so on.
The rise of foreign exchange market
The rise of the foreign exchange market is inseparable from the standardization of the market.
From June, 5438 to February, 2000, the Clinton administration passed the Futures Modernization Act, requiring foreign exchange commission merchants in the United States to register with the American Futures Association (NFA) and accept the supervision of the Commodity and Futures Trading Commission (CFTC).
The introduction of the Futures Modernization Act has put online foreign exchange margin trading on the track of standardized development and provided strong legal protection for foreign exchange investors. This protection measure applies not only to American investors, but also to investors from all over the world.
The lowering of entry threshold, the strengthening of government supervision and the inherent charm of the foreign exchange market for individual investors have made the foreign exchange market a new favorite of individual investors in the 2 1 century.