Foreign exchange

What is foreign exchange WHAT IS FOREIGN EXCHANGE

The foreign exchange market is the world’s largest and most liquid financial market, with an average daily trading volume of up to 4 trillion U.S. dollars. No institution can manipulate the exchange rate between countries. The data that affects exchange rates are all released by national authorities, and transactions are fair and transparent. Supports 24-hour, T+0, two-way trading. There is a profit opportunity when buying up or down. The exchange rate is also known as the exchange rate, which refers to the price of one country's currency in another country's currency, or the ratio between the currencies of the two countries. In fact, foreign exchange transactions are based on exchange rates.

Factors affecting foreign exchange FACTORS AFFECTING FOREIGN EXCHANGE

Currency can be regarded as a commodity, and the price of a commodity is most affected by the relationship between supply and demand. Factors affecting the relationship between currency supply and demand include: central bank monetary policy, national economic conditions, geopolitical situation, natural disasters, etc. The price of commodities fluctuates around the value of commodities. The intrinsic value of a country's currency is determined by the country's credit and economic conditions, and is reflected in the country's economic data. Investors can judge the trend of exchange rates through the economic data of various countries.

Huge trading volume and high market transparency
Two-way trading, profitable both up and down
24 hours T+0 transaction, not subject to time constraints
Ultra-low transaction costs, 0 commissions, 0 spread trading
Low threshold, high yield. Up to 500 times leverage, can be traded
High liquidity and advanced trading options.
Instant deposit, fast withdrawal, deposit and withdrawal.
Transaction speed in milliseconds, stable and safe, transparent and reliable

Foreign exchange is a two-way transaction, which can be long (buy up) or short (buy down). Simply put, if you think the exchange rate will rise, you buy; if you think it will fall, you sell. If the direction is judged correctly, the intermediate spread is earned.

The calculation method is as follows: Total profit and loss = (selling price-buying price) x contract unit x number of trading lots ± overnight interest

Note: When the position is closed on the day of opening, no overnight interest is required; the actual overnight interest is subject to the platform display.

You buy 0.5 lots of EUR/USD through the FTS platform, each contract unit is 100,000 euros, the buying price is 1.1710, and the selling price of 1.1780 is closed on the same day.

TOTAL profit and loss

= (Selling price – buying price) x contract unit x number of trading lots ± overnight interest =(1.1780-1.1710) x100000 x0.5±0=350 USD

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