Foreign exchange trading is the world's largest financial market, with an average daily trading volume of $5.46 trillion. Foreign exchange trading is to buy one currency and sell another currency at the same time, so it always trades in pairs. Foreign exchange quotation also fluctuates according to the relationship between market demand and supply.
The way to make money is generally to buy low or sell high or buy low. Because IRC provides leverage, you can participate in the foreign exchange market with less money and make more profits.
Foreign exchange is considered to be the fairest and most transparent market on the planet. The main reason is that a large number of market participants, large scale and volume of transactions make it possible for no single country or bank to completely control the direction of money.
There is no fixed place in the foreign exchange market, which belongs to over-the-counter trade. Unlike futures and stocks, it is not traded on exchanges. It is over-the-counter transactions between banks, governments, hedge funds or private investors, usually through electronic communications, which can be traded 5 days * 24 hours a week.
The main participants in the foreign exchange market are the central bank, commercial banks and investment banks, but in recent years, the number of participants has greatly increased due to the impact of the development of the Internet on the foreign exchange market. Currently, participants in foreign exchange transactions also include large multinational companies, fund managers, registered traders, money brokers and private investors.
The foreign exchange market is a 24-hour market, moving from Wellington and New Zealand to every financial centre in the world every trading day. Most of the foreign exchange transactions here take place in Tokyo, London and New York. The foreign exchange market was opened at 10:00 p.m. last Sunday (Greenwich Standard Time) and closed at 10:00 p.m. on Friday (Greenwich Standard Time).
The most liquid currencies generally come from countries with stable domestic politics and highly respected central banks. These currencies and the United States dollar constitute a pair of currencies, commonly known as the main pair of currencies. In the foreign exchange market, these major pairs of currencies account for 85% of transactions. For example, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF and USD/CAD.
There are a variety of fundamentals or technical factors that can lead to fluctuations in foreign exchange rates. Generally speaking, the most common factors causing exchange rate fluctuations are interest rates, inflation and political stability. Sometimes, in order to meet the needs of domestic economic development, the government may sell or buy a currency in the open market to influence the value of the currency. This is also called open market operation, which may have a certain impact on the currency trend in the short term. However, due to the diversity and large-scale nature of participants in the foreign exchange market, there are no factors that can affect the long-term operation of the foreign exchange market in a single direction.
There are many risk management strategies to control risks in foreign exchange transactions. Stop loss and price limit are the most commonly used. Stop loss can be set directly on the MT4 platform to avoid a wide range of risks by setting its own losses. Limits and stops are executed in the same way, but can be set at higher prices.
Foreign exchange traders usually adopt technical or fundamental analysis strategies. In recent years, technical analysis has become more and more popular. Technology traders make some short-term or mid-line transactions by judging the trend line, support line and resistance line. Some trade by interpreting economic information, such as news, government reports, economic data and even rumors. Others are interested in emergencies other than fundamentals and policies. And these emergencies, such as central bank intervention, interest rate changes, political time and even war, have a greater impact on the market, once seized the opportunity, you can get rich profits.
High risk tips. Trading CFDs are risky and not suitable for everyone. Please seek independent advice. The loss may exceed the initial investment. High leverage may or may not be good for you. Before deciding to carry out a CFD, you should carefully consider your trading objectives, level of experience and risk tolerance. The loss may exceed your initial investment, so you should not invest in funds that you cannot afford to lose. You should understand all the risks associated with CFDs. If you have any questions, it is advisable to seek advice from your financial advisor and read the risk disclosure summary. This website should not be regarded as an advertising or solicitation medium, but an information channel. Nothing on this website should be considered an advertisement, offer or lobby to use our services.
This website contains links to websites provided or controlled by third parties. NASH is not responsible for reviewing any information or materials posted on any of the linked websites. NASH does not endorse or recommend any products or services offered on the linked third party websites. The information contained in this website is for informational purposes only. Therefore, it should not be considered an offer or an offer to solicit anyone in any jurisdiction, or any such unauthorized offer or solicitation to anyone would be illegal. Nor is it a recommendation to buy, sell or otherwise deal with any particular currency or precious metal transaction. If you are unclear about your local currency and spot metal trading regulations, you should leave this site immediately.
We strongly recommend that you obtain your opinion from an independent financial advisor before trading in any currency or metal.
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