What is Forex
The most fair and transparent market, with an average daily transaction of 7 trillion US dollars.
About Forex
"Forex is the abbreviation of international exchange. Foreign exchange is a means of payment for international settlement expressed in foreign currency. Such payment means include credit instruments and securities in foreign currency, such as bank deposits, commercial drafts, bank drafts, bank checks, foreign government treasury bills, and long-term and short-term securities. According to statistics, the average daily trading volume reached 7 trillion US dollars. Forex trading buys one currency and sells another, so it always trades in pairs. Forex quotes are also constantly floating based on market demand and supply. Forex is considered to be the fairest and most transparent market on the planet. The main reason is that because of the large number of market participants, the sheer size and the number of transactions, no single country or bank can completely control the direction of the currency. There is no fixed place in the foreign exchange market and it is an over-the-counter transaction. It is different from futures and stocks and is not traded on the exchange. It is a counter-free transaction between banks, governments, hedge funds or private investors, usually through electronic communication, which can be traded 5 * 24 hours a week."
Advantages
Forex Advantage 1
The world's largest financial market, high liquidity;
Forex Advantage 2
"Flexible levers up to 300:1; Two-way trading, can be long or short. Support multi-currency pricing;
Forex Advantage 3
"The market is active, the price volatility is high, and its volatility spread creates many opportunities for investors; Market information is highly transparent, affected by macro international factors, and relevant news and economic data are released in real time;"
Forex Advantage 4
The market is active, the price volatility is high, and its volatility spread creates many opportunities for investors; Market information is highly transparent, affected by macro international factors, and relevant news and economic data are released in real time;"
