What are the characteristics of the foreign exchange market
read:2023/2/26 14:53:58
In recent years, the cashback forex forextradingaccountsregister forex trading accounts for more forextradingaccountstype more people, become the new darling of international investors, which is closely related to the characteristics of the foreign exchange market itself The main characteristics of the foreign exchange market are: 1. There is a market without a field The financial industry in Western industrial countries basically has two systems, namely, centralized trading of centralized operations and no unified fixed place of business network stock trading is through the Exchange trading Like the New York Stock Exchange, London Stock Exchange, Tokyo Stock Exchange, respectively, the United States, the United Kingdom, Japan, the main trading venues for stocks, centralized trading of financial commodities, its quotation, trading hours and settlement procedures are unified, and the establishment of a peer association, the development of a code of practice Investors are buying and selling the required commodities through brokerage firms, which is the market has a field and foreign exchange trading Is not through the unified operation of the market of the business network, it is not like the stock exchange has a centralized and unified location However, the network of foreign exchange trading is global, and the formation of unorganized organizations, the market is agreed by everyone and advanced information systems linked, traders also do not have any organization membership, but must obtain the trust and recognition of the same industry This no unified site of Foreign exchange market is called the market without a field global foreign exchange market every day an average of trillions of dollars in transactions so huge huge amount of money, is in this neither centralized place and no central clearing system control, as well as no government supervision to complete the clearing and transfer 2, circular operation Because of the different geographical location of the global financial centers, the Asian market, the European market, the American market because of the time difference, even into a A 24-hour continuous operation of the global foreign exchange market at 8:30 a.m. (subject to New York time) New York market open, 9:30 a.m. Chicago market open, 10:30 a.m. San Francisco open, 18:30 a.m. Sydney open, 19:30 a.m. Tokyo open, 20:30 a.m. Hong Kong, Singapore open, 2:30 a.m. Frankfurt open, 3:30 a.m. London market open So 24 hours of non-stop operation, the foreign exchange market Become a day and night market, only Saturdays, Sundays and major holidays in various countries, the foreign exchange market will close this continuous operation, providing investors with no time and space barriers to the ideal investment place, investors can look for the best time to trade For example, if an investor buys the yen in the morning on the New York market, the yen rose in the evening after the opening of the Hong Kong market, the investor sold in the Hong Kong market No matter where the investor himself, he can participate in any market, any time to buy or sell Therefore, the foreign exchange market can be said to be a market without time and space barriers 3, zero-sum game In the stock market, a certain stock or the entire stock market rise or fall, then the value of a certain stock or the entire stock market stock value will also rise or fall, for example, the stock price of Japans Nippon Steel from 800 yen to 400 yen, so that the value of the entire stock of Nippon Steel is also reduced by half.