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imtoken官方下载2.0下载|forex

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2024-03-07 18:46:07

全球货币市场基础知识系列1-什么是全球Forex市场？ - 知乎

全球货币市场基础知识系列1-什么是全球Forex市场？ - 知乎首发于外汇黄金原油交易入门切换模式写文章登录/注册全球货币市场基础知识系列1-什么是全球Forex市场？火象社区引领金融科技创新。微信公众号：火象什么是Forex市场？Forex市场是一个允许人们把一种货币换成另一种货币的全球市场。如果你曾经出国旅行过，就一定在机场的货币兑换点兑换过货币，把钱包里的本国货币兑换成你将要去旅行的国家的货币。图片来源：babypips你到货币兑换点的柜台时，会发现一块显示不同货币汇率的屏幕。找到“日元”，你也许会惊叹：“哇！我的一美元能兑换超过100日元，我要成为富翁了！！！“ 当你在做这些事的时候，你实际上已经参与了Forex市场——你把一种货币兑换成了另一种货币。假设你是一个在日本旅游的美国人，那么从Forex市场的角度上看，你刚刚卖出了美元，买进了日元。在你乘坐飞机回到美国的时候，你想要把你剩下的日元换成美元，这时你会发现货币兑换的汇率变了。正是这些汇率的改变使得你在市场中赚钱。外汇市场，有时也叫“forex“或“FX“，是世界上最大的金融市场。和Forex市场每天5兆美元的交易量相比，纽约证券交易所（NYSE）每天224亿美元的交易量显得有点微不足道了。 Forex市场的交易量和纽约证券交易所的交易量对比就好像下图的两个怪兽之间的体型差异。图片来源：babypips5兆美元的交易量包含了整个Forex市场，但是散户交易者每天的交易量只占了5兆美元的5%~6%，也就是3000~4000亿美元。除了体量大之外，Forex市场的另一个特点是几乎不休市。Forex市场每天24小时、每周5天都在进行着交易，只在周末休市。所以不同于股票和债券市场，Forex市场在工作日下班后是不关闭的。只是交易的场所转移到了世界各地不同的金融中心。 Forex市场的一天从悉尼开始，然后转移到东京、伦敦、法兰克福，最后是纽约，然后在悉尼再次开始交易。Forex市场交易什么？Forex市场交易什么？最简单的答案是：钱。因为在Forex市场，你不买任何实际的商品，所以Forex交易会比较难以理解。对比一下在一个特定的国家买股票。货币的价格通常是市场对经济体当前和未来的健康状况的直接反映。在Forex交易中，当你购买一种货币，例如日元，你实际上是在购买“日本经济的股票”。当你买入了日元，你是站在日本经济发展状况良好，并且未来会更好的立场上。当你把“经济体的股票”重新卖给市场的时候，你就能获得利润。一般来说，一个货币对于另一个货币的汇率是两个国家经济状况对比的反映。主流货币虽然市场上有很多货币可供交易，但作为一个新手交易者，你可能需要从主流的货币开始交易。图片来源：babypips主流的货币有美元USD、欧元EUR、日元JPY、英镑GBP、瑞士法郎CHF、加拿大元CAD、澳元AUD和新西兰元NZD。货币的缩写一般来说由三个字母组成，前两个字母代表国家的名字，第三个字母代表货币的名字。以新西兰元NZD为例，NZ代表了新西兰New Zealand，而D代表元dollar。是不是很简单呢？除了dollar，美元还有很多别名：buck、greenbacks、bones、benjis、benjamins、cheddar、paper、loot、scrilla、cheese、bread、moolah、dead presidents和cash money。在秘鲁，美元还有一个别名，就是Coco，这是乔治·华盛顿的小名。买卖货币对Forex交易是在买入一种货币的同时卖出另一种货币。货币通过经纪商或交易商进行成对的交易，例如欧元和美元（EUR/USD），或是英镑和日元（GBP/JPY）。当你在Forex市场交易的时候，你买入和卖出的都是货币对。图片来源：babypips想象一下，每一对货币都处于“拉锯战”中，每一种货币都站在自己的一边，汇率根据当前哪种货币更强势而波动。主流货币对下面这些货币对视为“主流的”。这些货币对包含了美元，并且是流动性最好的和交易量最多的。主要交叉盘货币对以及次要货币对交叉盘货币对即不包含美元的货币对。主流的交叉盘货币对也被认为是“次要的”。主要的交叉盘货币对一般是包含欧元、日元和英镑的货币对。例如欧元交叉盘货币对有：EUR/CHF、EUR/GBP、EUR/CAD、EUR/AUD、EUR/NZD、EUR/SEK、EUR/NOK，其中SEK和NOK分别是瑞典克朗和挪威克朗。日元交叉盘货币对有：EUR/JPY、GBP/JPY、CHF/JPY、CAD/JPY、AUD/JPY、NZD/JPY。英镑交叉盘货币对有：GBP/CHF、GBP/AUD、GBP/CAD、GBP/NZD。其他的交叉盘货币对：AUD/CHF、AUD/CAD、AUD/NZD、CAD/CHF、NZD/CHF、NZD/CAD。非主流货币对非主流货币对是由一种主流货币和新兴经济体（如巴西、墨西哥、匈牙利）的货币组成。非主流货币对的交易量没有主流货币对或主要的交叉盘货币对那么大，因此非主流货币对的交易成本通常更大。以下是一些非主流货币对：这些非主流货币对的点差可能是EUR/USD或USD/JPY的两到三倍，所以如果要交易这些货币对，记住把高昂的点差考虑进去。G10货币G10货币是世界上交易量最多的货币，同时也是流动性最好的货币。G10货币是美元、欧元、英镑、日元、澳元、纽元、加元、瑞郎、挪威克朗、瑞典克朗和丹麦克朗。BRIICS（金砖六国）BRIICS是五大新兴经济体（巴西、俄罗斯、印度、印度尼西亚、中国和南非）的缩写。最初，前四个国家被归为“金砖四国”（BRIC或BRICs）。金砖四国是高盛为当今新兴经济体命名的一个术语。而BRIICS是OECD（经合组织）使用的术语，把印度尼西亚和南非加了进来。金砖六国的货币代码分别是BRL、RUB、INR、IDR、CNY和ZAR。Forex市场规模和流动性不同于纽约证券交易所（NYSE）和伦敦证券交易所（LSE）等金融市场，Forex市场既没有物理的场所，也没有中央结算系统。 Forex市场被视为场外交易（OTC）或“银行间”市场，因为整个市场是在银行间的电子网络中连续24小时运行的。这意味着Forex市场遍布全球，没有固定的交易所。只要你有网络，任何地方都可以进行交易！ Forex场外交易市场是迄今为止世界上最大、最受欢迎的金融市场，在全球范围内众多个人和组织间进行交易。场外交易的交易者根据交易条件、价格的吸引力和交易对手的声誉来决定和谁交易。根据2010年的数据，下图显示了七种交易最活跃的货币：图片来源：babypips注：因为每笔交易都涉及两种货币，所以每种货币所占百分比的总和是200%，而不是100%。美元是交易量最大的货币，占所有交易的84.9%；欧元第二，占39.1%；日元第三，占19.0%。如你所见，大多数主流货币都占据了榜单前列。你或许注意到了我们多次提到了美元。由于美元是每个主流货币对的一半，主流货币对交易又占到了所有交易的75%，所有必须关注美元。事实上，根据国际货币基金组织（IMF）的数据，美元约占世界官方Forex储备的64%！因为几乎所有的投资者、企业和央行都拥有美元，所以他们必须关注美元。下面是几条美元在Forex市场占据中心地位的原因：（1）美国经济是世界上最大的经济体；（2）美元是世界储备货币；（3）美国拥有世界上最大、流动性最强的金融市场；（4）美国有一个稳定的政治体系；（5）美国是世界上唯一的军事超级大国；（6）美元是许多跨境货币的兑换媒介。另外，石油是以美元计价的，所以美元也叫“石油美元”（petrodollars）。如果墨西哥想从沙特阿拉伯购买石油，只能用美元购买；如果墨西哥没有美元，它必须先卖掉比索，然后再购买美元。在Forex市场，虽然商业和金融交易是交易总量的一部分，但是大多数交易是属于投机交易。换言之，大部分交易来自于根据日内价格变动进行买卖的交易员。投机者带来的交易量超过总交易量的90%。 Forex市场的巨大规模意味着流动性（指在任何特定时间发生的交易量）极高，这使得任何人买卖货币都非常容易。从交易者的角度来看，流动性非常重要，因为它决定了特定时间段内价格变化的难易程度。像Forex这样流动性大的市场，大额的交易对价格或价格行为的影响就比较小。虽然Forex市场的流动性很强，但市场深度可能会根据不同货币对和一天中不同的时间而变化。交易Forex的不同方式由于Forex市场规模大、有利可图，交易员们想出了很多不同的方法来对货币进行投资或是投机。其中最流行的是Forex现货、货币期货、货币期权和货币ETF。图片来源：babypips货币期货期货是在未来某一天以特定价格购买或出售某项资产的合约。Forex期货最早是在1972年由芝加哥商品交易所（CME）推出的。由于期货合约是标准化的合约，而且在交易所集中进行交易，所以市场是非常透明和规范的。这意味着市场价格和其他相关信息都是可以被获取的。货币期权期权是一种金融工具，它赋予买方在期权到期日以特定价格购买或出售资产的权利。如果一个交易者出售了一个期权，那么他或她将不得不在到期日以特定价格购买或出售期权对应的资产。和期货一样，期权也在芝加哥商品交易所（CME）、国际证券交易所（ISE）和费城证券交易所（PHLX）等交易所进行交易。 Forex期权有一个比较明显的缺点，就是某些期权的交易时间有限，流动性不如期货或现货市场大。货币ETF交易型开放式指数基金（ETF），也叫交易所交易基金，是Forex市场最年轻的成员。它是一种在交易所上市交易的，基金份额可变的开放式基金。ETF的优点是投资者既可以向基金管理公司申购或赎回基金份额，同时，又可以像封闭式基金一样在二级市场上按市场价格买卖ETF份额。但是申购赎回必须以一篮子标的资产换取基金份额或者以基金份额换回一篮子标的资产。货币ETF提供单一货币或一篮子货币的风险敞口。投资者可以像购买股票一样购买和交易这些ETF。与货币期权一样，交易货币ETF的限制是，市场不会24小时开放。此外，交易ETF还需支付交易佣金和其他交易成本。Forex现货市场在现货市场，货币是以当前的市场价格立即成交或“现货”交割。Forex现货市场具有高流动性和24小时可交易的特点。通过经纪商，普通人可以很容易参与到Forex现货市场，开立账户最少只需要50美元。除此之外，大多数经纪商都会提供免费图表、新闻和研究报告。作者：Babypips更多内容微信关注Alpha自营交易室查看哦~编辑于 2019-10-28 14:55货币外汇外汇市场赞同 21添加评论分享喜欢收藏申请转载文章被以下专栏收录外汇黄金原油交易入门探索外汇、黄金和原油的交

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What Is Forex Trading? A Beginner’s Guide

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Updated January 19, 2024

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Foreign exchange (Forex) trading is the process of buying one currency and selling another with the goal of making a profit from the trade. Forex (FX) is a portmanteau of the words foreign and exchange. According to a 2022 triennial report from the Bank for International Settlements (a global bank for national central banks), the daily global volume for forex trading reached $7.5 trillion in 2022.

Read on to learn about the forex markets, how they work, and how to start trading.

Key Takeaways

The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies.Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the world's largest and most liquid asset markets.Currencies trade against each other as exchange rate pairs. For example, EUR/USD is a currency pair for trading the euro against the U.S. dollar.Forex markets exist as spot (cash) and derivatives markets, offering forwards, futures, options, and currency swaps.Some market participants use forex to hedge against international currency and interest rate risk, speculate on geopolitical events, and diversify portfolios, among other reasons.

What Is the Forex Market?

The foreign exchange market is where currencies are traded. This international market's most unique aspect is that it lacks a central marketplace. Instead, currency trading is conducted electronically over the counter (OTC). This means that all transactions occur via computer networks among traders worldwide rather than on one centralized exchange.

The market is open 24 hours a day, five and a half days a week. Currencies are traded worldwide in the major financial centers of Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zurich—across almost every time zone. This means the forex market begins in Tokyo and Hong Kong when the U.S. trading day ends. The forex market can be highly active at any time, with price quotes changing constantly.

You’ll often see the terms FX, forex, foreign exchange market, and currency market. These terms are synonymous, and all refer to the forex market.

How Does the Forex Market Work?

The FX market is the only truly continuous and nonstop trading market in the world. In the past, the forex market was dominated by institutional firms and large banks, which acted on behalf of clients. But it has become more retail-oriented in recent years—traders and investors of all sizes participate in it.

Where Is It?

An interesting aspect of world forex markets is that no physical buildings function as trading venues. Instead, it is a series of connected trading terminals and computer networks. Market participants are institutions, investment banks, commercial banks, and retail investors from around the world.

Who Trades on It?

Currency trading was very difficult for individual investors until it made its way onto the internet. Most currency traders were large multinational corporations, hedge funds, or high-net-worth individuals (HNWIs) because forex trading required a lot of capital.

Commercial and investment banks still conduct most of the trading in forex markets on behalf of their clients. But there are also opportunities for professional and individual investors to trade one currency against another.

What Is Forex Trading?

Forex trading, or FX trading, involves buying and selling different currencies with the aim of making a profit. At its core, forex trading is about capturing the changing values of pairs of currencies. For example, if you think the Euro will increase in value against the U.S. Dollar, a speculator might buy Euros with Dollars. If the Euro's value rises on a relative basis (the EUR/USD rate), you can sell your Euros back for more Dollars than you initially spent, thus making a profit.

In addition to speculative trading, forex trading is also used for hedging purposes. Hedging in forex is used by individuals and businesses to protect themselves from adverse currency movements, known as currency risk. For example, a company doing business in another country might use forex trading to hedge against potential losses caused by fluctuations in the exchange rate abroad. By securing a favorable rate in advance through a forex transaction, they can reduce the risk of financial uncertainty and ensure more stable profits or costs in their domestic currency. This aspect of forex trading is crucial for international businesses seeking stability in their financial planning.

Forex trading features favorable aspects like high liquidity, meaning it's easy to buy and sell many currencies without a significant change in their value. Additionally, traders can use leverage, which allows them to control a large position with a relatively small amount of money. However, leverage can also amplify losses, making forex trading a field that requires knowledge, strategy, and an awareness of the risks involved.

Forex trading is also distinctly global, encompassing financial centers worldwide, which means that currency values are influenced by a variety of global events. Economic indicators such as interest rates, inflation, geopolitical stability, and economic growth can significantly impact currency prices. For instance, if a country's central bank raises its interest rates, its currency might strengthen due to the higher returns on investments denominated in that currency. Similarly, political uncertainty or a poor economic growth outlook can lead to a currency's depreciation. This global interconnectivity makes forex trading not just a financial activity but also a reflection of worldwide economic and political dynamics.

How to Start Trading Forex

Trading forex is similar to equity trading. Here are some steps to get yourself started on the forex trading journey.

Learn about forex: While it is not complicated, forex trading is an undertaking that requires specialized knowledge and a commitment to learning.

Set up a brokerage account: You will need a forex trading account at a brokerage to get started with forex trading.

Develop a trading strategy: While it is not always possible to predict and time market movement, having a trading strategy will help you set broad guidelines and a road map for trading.

Always be on top of your numbers: Once you begin trading, check your positions at the end of the day. Most trading software already provides a daily accounting of trades. Make sure that you do not have any pending positions to be filled and that you have sufficient cash in your account to make future trades.

Cultivate emotional equilibrium: Beginner forex trading is fraught with emotional roller coasters and unanswered questions. Discipline yourself to close out your positions when necessary.

Types of Markets

Forex is traded primarily via spot, forwards, and futures markets. The spot market is the largest of all three markets because it is the “underlying” asset on which forwards and futures markets are based. When people talk about the forex market, they are usually referring to the spot market.

The forwards and futures markets tend to be more popular with companies or financial firms that need to hedge their foreign exchange risks out to a specific future date.

Spot Market

The spot market is where currencies are bought and sold based on their trading price. That price is determined by supply and demand and is calculated based on several factors, such as:

Current interest ratesEconomic performanceGeopolitical sentimentPrice speculation

A finalized deal on the spot market is known as a spot deal. It is a bilateral transaction in which one party delivers an agreed-upon currency amount to the counterparty and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, it is settled in cash.

Although the spot market is commonly known as one that deals with transactions in the present (rather than in the future), these trades take two days to settle.

Forwards and Futures Markets

A forward contract is a private agreement between two parties to buy a currency at a future date and a predetermined price in the OTC markets. In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves.

A futures contract is a standardized agreement between two parties to take delivery of a currency at a future date and a predetermined price. Futures trade on exchanges and not OTC. In the futures market, futures contracts are bought and sold based on a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange (CME).

Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterparty to the trader, providing clearance and settlement services.

Unlike the spot, forwards, and futures markets, the options market does not trade actual currencies. Instead, it deals in contracts that represent claims to a certain currency type, a specific price per unit, and a future date for settlement.

Both types of contracts are binding and are typically settled for cash at the exchange in question upon expiry, although contracts can also be bought and sold before they expire. These markets can offer protection against risk when trading currencies.

In addition to forwards and futures, options contracts are traded on specific currency pairs. Forex options give holders the right, but not the obligation, to enter into a forex trade at a future date.

Using the Forex Markets

There are two distinct features of currencies as an asset class:

You can earn the interest rate differential between two currencies.

You can profit from changes in the exchange rate.

So, you can profit from the difference between two interest rates in two different economies by buying the currency with the higher interest rate and shorting the currency with the lower interest rate. For instance, before the 2008 financial crisis, shorting the Japanese yen (JPY) and buying British pounds (GBP) was common because the interest rate differential was substantial. This strategy is sometimes referred to as a carry trade.

Forex for Hedging

Companies doing business in foreign countries are at risk due to fluctuations in currency values when they buy or sell goods and services outside of their domestic market. Foreign exchange markets provide a way to hedge currency risk by fixing a rate at which the transaction will be completed. A trader can buy or sell currencies in the forward or swap markets in advance, which locks in an exchange rate.

Locking in the exchange rate helps them reduce losses or increase gains, depending on which currency in a pair is strengthened or weakened.

Forex for Speculation

Factors like interest rates, trade flows, tourism, economic strength, and geopolitical risk affect the supply and demand for currencies, creating daily volatility in the forex markets. This creates opportunities to profit from changes that may increase or reduce one currency’s value compared to another. A forecast that one currency will weaken is essentially the same as assuming that the other currency in the pair will strengthen.

So, a trader anticipating price movement could short or long one of the currencies in a pair and take advantage of the movement.

Basic Forex Trading Strategies

The most basic forms of forex trades are long and short trades, with the price changes reported as pips, points, and ticks. In a long trade, the trader is betting that the currency price will increase and that they can profit from it. A short trade consists of a bet that the currency pair’s price will decrease. Traders can also use trading strategies based on technical analysis, such as breakout and moving averages, to fine-tune their approach to trading.

Depending on the duration and numbers for trading, trading strategies can be categorized into four further types:

A scalp trade consists of cumulative positions held for seconds or minutes at most, and the profit amounts are restricted in terms of the number of pips.

Day trades are short-term trades in which positions are held and liquidated on the same day. The duration of a day trade can be hours or minutes.

In a swing trade, the trader holds the position for a period longer than a day, like days or weeks.

In a position trade, the trader holds the currency for a long period, lasting as long as months or even years.

Forex Terminology

The best way to get started on the forex journey is to learn its language. Here are a few terms to get you started:

Forex account: A forex account is used to make currency trades. Depending on the lot size, there can be three types of forex accounts:

Micro forex accounts: Accounts that allow you to trade up to $1,000 worth of currencies in one lot.

Mini forex accounts: Accounts that allow you to trade up to $10,000 worth of currencies in one lot.

Standard forex accounts: Accounts that allow you to trade up to $100,000 worth of currencies in one lot.

Ask: An ask (or offer) is the lowest price at which you are willing to buy a currency.

Bid: A bid is the price at which you are willing to sell a currency.

Contract for difference: A contract for difference (CFD) is a derivative that lets traders speculate on price movements for currencies without owning the underlying asset.

Leverage: Leverage is using borrowed capital to multiply returns. The forex market is characterized by high leverages, and traders often use it to boost their positions.

Remember that the trading limit for each lot includes margin money used for leverage. This means the broker can provide you with capital at a predetermined ratio. For example, they may put up $50 for every $1 you put up for trading, meaning you will only need to use $10 from your funds to trade $500 in currency.

Charts Used in Forex Trading

Three types of charts are used in forex trading. They are:

Line Charts

Line charts are used to identify big-picture trends for a currency. They are the most basic and common type of chart used by forex traders. They display the closing trading price for a currency for the periods specified by the user. The trend lines identified in a line chart can be used to devise trading strategies. For example, you can use the information in a trend line to identify breakouts or a change in trend for rising or declining prices.

While useful, a line chart is generally used as a starting point for further trading analysis.

Bar Charts

Like other instances in which they are used, bar charts provide more price information than line charts. Each bar chart represents one day of trading and contains the opening price, highest price, lowest price, and closing price (OHLC) for a trade. A dash on the left represents the day’s opening price, and a similar one on the right represents the closing price. Colors are sometimes used to indicate price movement, with green or white used for periods of rising prices and red or black for a period during which prices declined.

Bar charts for currency trading help traders identify whether it is a buyer’s or seller’s market.

Candlestick Charts

Japanese rice traders first used candlestick charts in the 18th century. They are visually more appealing and easier to read than the chart types described above. The upper portion of a candle is used for the opening price and highest price point of a currency, while the lower portion indicates the closing price and lowest price point. A down candle represents a period of declining prices and is shaded red or black, while an up candle is a period of increasing prices and is shaded green or white.

The formations and shapes in candlestick charts are used to identify market direction and movement. Some of the more common formations for candlestick charts are hanging man and shooting star.

Pros and Cons of Trading Forex

Pros

Largest in terms of daily trading volume in the world

Traded 24 hours a day, five and a half days a week

Starting capital can rapidly multiply

Generally follows the same rules as regular trading

More decentralized than traditional stock or bond markets

Cons

Leverage can make forex trades very volatile

Leverage in the range of 50:1 is common

Requires an understanding of economic fundamentals and indicators

Less regulation than other markets

No income generating instruments

Pros Explained

Forex markets are the largest in terms of daily trading volume globally and therefore offer the most liquidity. This makes it easy to enter and exit a position in any major currency within a fraction of a second for a small spread in most market conditions.

The forex market is traded 24 hours a day, five and a half days a week—starting each day in Australia and ending in New York. The broad time horizon and coverage offer traders opportunities to make profits or cover losses. The major forex market centers are Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zurich.

The available leverage in forex trading means that a trader's starting capital can rapidly multiply.

Forex trading generally follows the same rules as regular trading and requires much less initial capital; therefore, it is easier to start trading forex than stocks.

The forex market is more decentralized than traditional stock or bond markets. There is no centralized exchange that dominates currency trade operations, and the potential for manipulation—through insider information about a company or stock—is lower.

Cons Explained

Leveraged trading can make forex trades much more volatile than trading without leverage.

Banks, brokers, and dealers in the forex markets allow a high amount of leverage, meaning traders can control large positions with relatively little money.

Leverage in the range of 50:1 is common in forex, though even greater amounts of leverage are available from certain brokers. Nevertheless, leverage must be used cautiously because many inexperienced traders have suffered significant losses using more leverage than was necessary or prudent.

Trading currencies productively requires an understanding of economic fundamentals and indicators. A currency trader needs to have a big-picture understanding of the economies of the various countries and their interconnectedness to grasp the fundamentals that drive currency values.

The decentralized nature of forex markets means it is less regulated than other financial markets. The extent and nature of regulation in forex markets depend on the trading jurisdiction.

Forex markets lack instruments that provide regular income, such as regular dividend payments, which might make them attractive to investors not interested in exponential returns.

Are Forex Markets Volatile?

Forex markets are among the most liquid markets in the world. So, they can be less volatile than other markets, such as real estate. The volatility of a particular currency is a function of multiple factors, such as the politics and economics of its country. Therefore, events like economic instability in the form of a payment default or imbalance in trading relationships with another currency can result in significant volatility.

Are Forex Markets Regulated?

Forex trade regulation depends on the jurisdiction. Countries like the United States have sophisticated infrastructure and markets for forex trades. Forex trades are tightly regulated in the U.S. by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). However, due to the heavy use of leverage in forex trades, developing countries like India and China have restrictions on the firms and capital to be used in forex trading. Europe is the largest market for forex trades. The Financial Conduct Authority (FCA) monitors and regulates forex trades in the United Kingdom.

Which Currencies Can I Trade in?

Currencies with high liquidity have a ready market and exhibit smooth and predictable price action in response to external events. The U.S. dollar is the most traded currency in the world. It is paired up in six of the market's seven most liquid currency pairs. Currencies with low liquidity, however, cannot be traded in large lot sizes without significant market movement being associated with the price.

The Bottom Line

For traders—especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than in other markets. For those with longer-term horizons and more funds, long-term fundamentals-based trading or a carry trade can be profitable. A focus on understanding the macroeconomic fundamentals that drive currency values, as well as experience with technical analysis, may help new forex traders become more profitable.

Article Sources

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our

editorial policy.

Bank for International Settlements. “OTC Foreign Exchange Turnover in April 2022,” Page 1.

Nasdaq. “Forex Market Overview.”

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Forex (FX): How Trading in the Foreign Exchange Market Works

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What Is Forex Trading? A Beginner’s Guide

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Getting Started in Forex

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How Currency Trading Works

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What Is a Currency Pair? Major, Minor, and Exotic Examples

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What Are Pips in Forex Trading and What Is Their Value?

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Why Interest Rates Matter for Forex Traders

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The Major Central Banks

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Forex Leverage: A Double-Edged Sword

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Forex Basics: Setting Up an Account

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Spot Exchange Rate: Definition, How They Work, and How to Trade

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What a Currency Forward Is, How It Works, Example, Use in Hedging

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What Are Currency Futures? How They Work in Trade and Investing

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Foreign Currency (FX) Swap: Definition, How It Works, and Types

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Currency Carry Trades 101

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Forex Day Trading: 5 Mistakes to Avoid

Forex (FX): Definition, How to Trade Currencies, and Examples

How to Create and Manage an Effective Forex Trading Strategy

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Benefits and Risks of Trading Forex With Bitcoin

Top 5 Forex Risks Traders Should Consider

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Related Terms

Forex (FX): Definition, How to Trade Currencies, and Examples

Forex (FX) is the market for trading international currencies. The name is a portmanteau of the words foreign and exchange.

How to Create and Manage an Effective Forex Trading Strategy

A forex trading strategy is a set of analyses a trader uses to decide whether to buy or sell a currency pair. They're available online or you can create one of your own.

Tomorrow Next (Tom Next): Definition, Purpose, and Example

In currency transactions, tomorrow next is the purchase and sale of a currency made to avoid taking actual delivery of the currency.

Managed Forex Accounts: Meaning, Safety, FAQs

A managed forex account is a type of forex account in which a money manager trades the account on a client's behalf for a fee.

What Is a Cross Rate? Defintion and Examples of Major Cross Rates

A cross rate is a transaction in which any two currencies are exchanged for values that are expressed in a third currency. Most transactions are in major currency pairs.

The Interbank Market: What It Is and How It Works

The interbank market is a global network used by financial institutions to trade currencies among themselves. They use it to manage their interest rate risks.

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What Is Forex (FX)?

Understanding Forex

Forex vs. Other Markets

Example of a Forex Transaction

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Forex (FX): Definition, How to Trade Currencies, and Examples

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What Is Forex (FX)?

Forex (FX) refers to the global electronic marketplace for trading international currencies and currency derivatives. It has no central physical location, yet the forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day. Most of the trading is done through banks, brokers, and financial institutions.

The forex market is open 24 hours a day, five days a week, except for holidays. The forex market is open on many holidays on which stock markets are closed, though the trading volume may be lower.

Its name, forex, is a portmanteau of foreign and exchange. It's often abbreviated as fx.

Key Takeaways

Forex (FX) market is a global electronic network for currency trading.Formerly limited to governments and financial institutions, individuals can now directly buy and sell currencies on forex.In the forex market, a profit or loss results from the difference in the price at which the trader bought and sold a currency pair.Currency traders do not deal in cash. Brokers generally roll over their positions at the end of each day.

Investopedia / Mira Norian

Understanding Forex (FX)

Forex traders use various analysis techniques to find the best entry and exit points for their trades. Forex exists so that large amounts of one currency can be exchanged for the equivalent value in another currency at the current market rate.

Some of these trades occur because financial institutions, companies, or individuals have a business need to exchange one currency for another. For example, an American company may trade U.S. dollars for Japanese yen in order to pay for merchandise that has been ordered from Japan and is payable in yen.

A great deal of forex trade exists to accommodate speculation on the direction of currency values. Traders profit from the price movement of a particular pair of currencies.

Forex Pairs and Quotes

Currencies being traded are listed in pairs, such as USD/CAD, EUR/USD, or USD/JPY. These represent the U.S. dollar (USD) versus the Canadian dollar (CAD), the Euro (EUR) versus the USD, and the USD versus the Japanese Yen (JPY), respectively.

There will also be a price associated with each pair, such as 1.2569. If this price was associated with the USD/CAD pair it means that it costs 1.2569 CAD to buy one USD. If the price increases to 1.3336, it now costs 1.3336 CAD to buy one USD. The USD has increased in value (the CAD has decreased) as it now costs more CAD to buy one USD.

Forex Lots

In the forex market, currencies trade in lots called micro, mini, and standard lots. A micro lot is 1,000 units of a given currency, a mini lot is 10,000, and a standard lot is 100,000.

This is obviously exchanging money on a larger scale than going to a bank to exchange $500 to take on a trip. When trading in the electronic forex market, trades take place in blocks of currency, and they can be traded in any volume desired, within the limits allowed by the individual trading account balance. For example, you can trade seven micro lots (7,000) or three mini lots (30,000), or 75 standard lots (7,500,000).

How Large Is the Forex?

The forex market is unique for several reasons, the main one being its size. Trading volume is generally very large. The Forex market trades over $5 trillion per day compared to $200 billion for the equities market.

The largest foreign exchange markets are located in major global financial centers including London, New York, Singapore, Tokyo, Frankfurt, Hong Kong, and Sydney.

How to Trade Forex

The forex market is open 24 hours a day, five days a week, in major financial centers across the globe. This means that you can buy or sell currencies at virtually any hour.

In the past, forex trading was largely limited to governments, large companies, and hedge funds. Now, anyone can trade on forex. Many investment firms, banks, and retail brokers allow individuals to open accounts and trade currencies.

When trading in the forex market, you're buying or selling the currency of a particular country, relative to another currency. But there's no physical exchange of money from one party to another as at a foreign exchange kiosk.

In the world of electronic markets, traders usually take a position in a specific currency with the hope that there will be some upward movement and strength in the currency they're buying (or weakness if they're selling) so that they can make a profit.

A currency is always traded relative to another currency. If you sell a currency, you are buying another, and if you buy a currency you are selling another. The profit is made on the difference between your transaction prices.

Spot Transactions

A spot market deal is for immediate delivery, which is defined as two business days for most currency pairs. The major exception is the purchase or sale of USD/CAD, which is settled in one business day.

The business day excludes Saturdays, Sundays, and legal holidays in either currency of the traded pair. During the Christmas and Easter seasons, some spot trades can take as long as six days to settle. Funds are exchanged on the settlement date, not the transaction date.

The U.S. dollar is the most actively traded currency. The euro is the most actively traded counter currency, followed by the Japanese yen, British pound, and Chinese renminbi.

Market moves are driven by a combination of speculation, economic strength and growth, and interest rate differentials.

Forex Rollover

Retail traders don't typically want to take delivery of the currencies they buy. They are only interested in profiting from the difference between their transaction prices. Because of this, most retail brokers will automatically "roll over" their currency positions at 5 p.m. EST each day.

The broker basically resets the positions and provides either a credit or debit for the interest rate differential between the two currencies in the pairs being held. The trade carries on and the trader doesn't need to deliver or settle the transaction.

When the trade is closed the trader realizes a profit or loss based on the original transaction price and the price at which the trade was closed. The rollover credits or debits could either add to this gain or detract from it.

Since the forex market is closed on Saturday and Sunday, the interest rate credit or debit from these days is applied on Wednesday. Therefore, holding a position at 5 p.m. on Wednesday will result in being credited or debited triple the usual amount.

Forex Forward Transactions

Any forex transaction that settles for a date later than spot is considered a forward. The price is calculated by adjusting the spot rate to account for the difference in interest rates between the two currencies. The amount of adjustment is called "forward points."

The forward points reflect only the interest rate differential between two markets. They are not a forecast of how the spot market will trade at a date in the future.

A forward is a tailor-made contract. It can be for any amount of money and can settle on any date that's not a weekend or holiday. As in a spot transaction, funds are exchanged on the settlement date.

Forex Futures

A forex or currency futures contract is an agreement between two parties to deliver a set amount of currency at a set date, called the expiry, in the future. Futures contracts are traded on an exchange for set values of currency and with set expiry dates.

Unlike a forward, the terms of a futures contract are non-negotiable. A profit is made on the difference between the prices the contract was bought and sold at.

Most speculators don't hold futures contracts until expiration, as that would require they deliver/settle the currency the contract represents. Instead, speculators buy and sell the contracts prior to expiration, realizing their profits or losses on their transactions.

How Forex Differs From Other Markets

There are some major differences between the way the forex operates and other markets such as the U.S. stock market.

Fewer Rules

This means investors aren't held to as strict standards or regulations as those in the stock, futures, or options markets. There are no clearinghouses and no central bodies that oversee the entire forex market. You can short-sell at any time because in forex you aren't ever actually shorting; if you sell one currency you are buying another.

Fees and Commissions

Since the market is unregulated, fees and commissions vary widely among brokers. Most forex brokers make money by marking up the spread on currency pairs. Others make money by charging a commission, which fluctuates based on the amount of currency traded. Some brokers use both.

Full Access

There's no cut-off as to when you can and cannot trade. Because the market is open 24 hours a day, you can trade at any time of day. The exception is weekends, or when no global financial center is open due to a holiday.

Leverage

The forex market allows for leverage up to 1:50 in the U.S. and even higher in some parts of the world. That means a trader can open an account for $1,000 and buy or sell as much as $50,000 in currency. Leverage is a double-edged sword; it magnifies both profits and losses.

Example of Forex Transactions

Assume a trader believes that the EUR will appreciate against the USD. Another way of thinking of it is that the USD will fall relative to the EUR.

The trader buys the EUR/USD at 1.2500 and purchases $5,000 worth of currency. Later that day the price has increased to 1.2550. The trader is up $25 (5000 * 0.0050). If the price dropped to 1.2430, the trader would be losing $35 (5000 * 0.0070).

About the Rollover

Currency prices move constantly, so the trader may decide to hold the position overnight. The broker will roll over the position, resulting in a credit or debit based on the interest rate differential between the Eurozone and the U.S.

If the Eurozone has an interest rate of 4% and the U.S. has an interest rate of 3%, the trader owns the higher interest rate currency in this example. Therefore, at rollover, the trader should receive a small credit. If the EUR interest rate was lower than the USD rate, the trader would be debited at rollover.

Rollover can affect a trading decision, especially if the trade can be held for the long term. Large differences in interest rates can result in significant credits or debits each day, which can greatly enhance or erode profits (or increase or reduce losses) of the trade.

Most brokers provide leverage. Many U.S. brokers leverage up to 1:50. Let's assume our trader uses 1:10 leverage on this transaction. If using 10:1 leverage the trader is not required to have $5,000 in an account, even while trading $5,000 worth of currency. Only $500 is needed.

In this example, a profit of $25 can be made quite quickly considering the trader only needs $500 or $250 of trading capital (or even less if using more leverage). That shows the power of leverage. The flip side is that the trader could lose the capital just as quickly.

Is Forex Trading for Beginners?

Forex trading can be risky and complex, involving quick decisions due to how fast exchange rates change. It is likely not suited for beginner traders; however, traders can spend time learning forex trading with test trading or with low levels of capital.

How Much Do You Need to Start Trading Forex?

You can start trading Forex with around $100. This will be enough to get you started in buying and selling currencies. It is also a good level for beginners as it isn't a very large amount of capital to lose.

What Are the Risks of Forex Trading?

There are many risks to forex trading. Exchange rates are very volatile, changing often, which could quickly impact a trade. There is also a significant amount of leverage involved in FX, meaning small movements can result in large losses. In addition, there is transaction risk, interest rate risk, and global or country risk.

The Bottom Line

Forex is foreign exchange, which refers to the global trading of currencies and currency derivatives. It is the largest financial market in the world, involving the buying and selling of currencies in pairs, taking advantage of changing rates.

Article Sources

editorial policy.

Statrys. "Forex vs. Stocks: Which Is Better?"

ValueWalk. "10 Biggest Forex Trading Markets in the World."

Forex.com. "These 10 Currencies Have the Highest Daily Trading Volume in Forex."

Forex Academy. "Why Are U.S. Based Forex Traders Being Limited to 1:50 Leverage?"

Britannica. "Foreign Exchange Market."

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Related Terms

Base Currency: Definition, Example, vs. Quote Currency

The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency.

Rollover Rate (Forex): Overview, Examples, and Formulas

The rollover rate in forex is the net interest return on a currency position held overnight by a trader.

How to Create and Manage an Effective Forex Trading Strategy

A forex trading strategy is a set of analyses a trader uses to decide whether to buy or sell a currency pair. They're available online or you can create one of your own.

Tomorrow Next (Tom Next): Definition, Purpose, and Example

In currency transactions, tomorrow next is the purchase and sale of a currency made to avoid taking actual delivery of the currency.

Forex (FX): How Trading in the Foreign Exchange Market Works

The foreign exchange, or Forex, is a decentralized marketplace for the trading of the world's currencies.

Scalp Trade Forex: Meaning, Risks and Special Considerations

Forex scalping is a method of trading where the trader typically makes multiple trades each day, trying to profit off small price movements.

What Is Forex Trading? A Beginner’s Guide

Base Currency: Definition, Example, vs. Quote Currency

Rollover Rate (Forex): Overview, Examples, and Formulas

How to Create and Manage an Effective Forex Trading Strategy

Tomorrow Next (Tom Next): Definition, Purpose, and Example

Forex (FX): How Trading in the Foreign Exchange Market Works

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日本央行距离加息更近一步

薪资涨幅超预期日本央行距离加息更近一步 [全球财经直播][10银行外汇牌价][人民币汇率]

3月加息传言再起！日本股债双杀，日元走高

全球经济最大威胁！末日博士预测掀起激烈论战

巨屏公益广告：美国债务巨雷正滴答作响

埃及与IMF达成协议将贷款金额增至80亿美元

这位美国前财长拯救了美国“银行业危机2.0”？

鲍威尔称今年有望降息金价续涨刷新历史高点

鲍威尔降息预示或激发全球央行金储备热潮

3月7日汇市观潮：日元和澳元技术分析

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工商银行人民币牌价

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更多>>滚动新闻

【点石成金】黄金：再创新高中期仍有向上空间

邦达亚洲:加拿大央行如期按兵不动美元加元险守

瑞银：黄金涨太快了，调整下更健康，白银正在赶

美联储尚未准备好降息金价再创历史新高

美联储难逃美国大选的聚光灯

国家外汇管理局公布2024年2月末外汇储备规模数

30年来最高！日本最大工会：今年的涨薪要求为5.

特朗普才是全球经济最大威胁！末日博士预测掀起

“定时炸弹”惊现纽约时代广场！巨屏公益广告：美

黄金时间：金价连破新高后技术上有回调需求

埃及与IMF达成协议将贷款金额增至80亿美元

3月加息传言再起！日本股债双杀，日元走高

这位美国前财长昨夜拯救了美国“银行业危机2.0”

薪资涨幅超预期日本央行距离加息更近一步

黄金市场分析：鲍威尔称今年有望降息金价续涨

市场展望

全球汇市回顾与展望：强势美元的起与落 2023年展望 | 全球汇率：美元的拐点

年度展望人民币：冬去春来

日元：从最弱G10货币到最强G10货币

年度展望英镑：衰退预期的拖累年度展望欧元：先涨后跌

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美国德国瑞士日本加拿大英国中国CPI年率未季调出口物价指数年率出口物价指数月率进口物价指数年率进口物价指数月率PPI年率PPI月率新屋开工年化总数Markit制造业PMI实际收入年率实际收入月率ISM制造业PMI耐用品订单月率零售销售月率核心零售销售月率失业率贸易帐CPI年率CPI月率出口物价指数年率出口物价指数月率进口物价指数年率进口物价指数月率PPI年率PPI月率Markit制造业PMIZEW经济景气指数实际零售销售年率实际零售销售月率Ifo商业景气指数CPI年率CPI月率工业产出年率外汇储备消费者信心指数GDP年率GDP季率贸易帐全国CPI年率全国CPI月率贸易帐外汇储备PPI年率PPI月率新屋开工年化总数领先指标终值失业率CPI年率消费者物价指数央行基准利率核心CPI年率核心CPI月率核心零售销售月率贸易帐Markit制造业PMI零售销售月率(%)贸易帐(亿加元)失业率新屋开工央行基准利率核心CPI年率核心CPI月率CPI年率CPI月率外汇储备GDP年率GDP季率工业产出年率Markit制造业PMI失业率进口总额-人民币计价进口总额-美元计价进口年率-人民币计价进口年率-美元计价规模以上工业企业利润年率-YTD规模以上工业企业利润年率规模以上工业企业利润-YTD规模以上工业企业利润规模以上工业增加值年率-YTD规模以上工业增加值年率规模以上工业增加值月率官方非制造业PMI官方制造业PMI出口总额-人民币计价出口总额-美元计价出口年率-人民币计价出口年率-美元计价城镇固定资产投资年率-YTD城镇固定资产投资月率财新综合PMI财新服务业PMI财新制造业PMISwift人民币在全球支付中占比PPI年率M2货币供应年率M1货币供应年率M0货币供应年率外汇储备GDP总量GDP季率GDP年率-YTDGDP年率实际外商直接投资年率-YTD实际外商直接投资年率实际外商直接投资社会消费品零售总额年率-YTD社会消费品零售总额年率社会消费品零售总额月率社会融资规模新增人民币贷款CPI年率CPI月率贸易帐-人民币计价贸易帐-美元计价

全球日历

即时数据

金融事件

国家

指标

时间

预测值

前值

现值

美国

EIA天然气库存变动

01-18 23:30

-1640

-1400

俄罗斯

对外贸易

01-18 22:00

94.33

法国

车辆登记年率

01-18 15:00

14.5

法国

车辆登记月率

01-18 15:00

0.2

18.5

德国

车辆登记年率

01-18 15:00

-5.7

-23

查看全部经济数据>>该数据由汇通财经提供

地点

事件

时间

美国

美国商品期货交易委员会（CFTC）公布周度持仓报告。

04:30

该数据由汇通财经提供更多>>

更多>>直盘行情

货币

最新价

涨跌

更多>>24小时新闻快递

(18:06)高盛资深交易员：在2000年科技泡沫破灭前，市场

(17:11)【点石成金】黄金：再创新高中期仍有向上空间

(17:06)邦达亚洲:加拿大央行如期按兵不动美元加元险守

(17:06)瑞银：黄金涨太快了，调整下更健康，白银正在赶

(16:51)美联储尚未准备好降息金价再创历史新高

(16:20)美联储难逃美国大选的聚光灯

(16:16)国家外汇管理局公布2024年2月末外汇储备规模数

(15:40)WTI原油技术分析：有很大机会重回80美元上方

专题报道

聚焦鲍威尔国会听证

今年某个时候可能适宜降息，但目前还没做好准备>>

发生了什么？埃及镑一日暴贬40%！

时隔近5个月，人民币汇率再破"7"！

埃尔多安赢了，里拉还会贬值吗？

十连加！美联储加息25基点

2023年一季度外汇收支数据新闻发布会

美联储加息25基点！暗示本轮加息近尾声

投行预期美联储3月停止加息年底降息

日本央行“让步”YCC政策，日元飙涨！

更多>>交叉盘行情

货币

最新价

涨跌

更多>>数据分析

(20:00)2024年度日本全国政府一般预算支出112.5717万亿

(19:19)2021年8月6日-2024年2月23日俄罗斯国际储备余额

(09:21)2024年1月日本完全失业率为2.4%,失业人口163万

(09:19)2024年1月日本有效求人倍率为1.27倍，与上月持

(17:07)“灿烂中国游”首支旅游团自美启程

(16:00)世贸组织第十三届部长级会议在阿布扎比开幕

(16:00)中国针灸在突尼斯医学会议上受好评

(13:32)仁川市申请设立“生物国家尖端战略产业园”

(13:29)世贸组织第13届部长级会议宣布签署投资便利化协

更多>>货币分析

邦达亚洲:加拿大央行如期按兵不动美元

WTI原油技术分析：有很大机会重回80美

30年来最高！日本最大工会：今年的涨薪

黄金市场分析：鲍威尔称今年有望降息

3月7日汇市观潮：日元和澳元技术分析

OPEC减产战略的关键：坚持到油市出现短

邦达亚洲:小非农表现疲软美元指数刷新

田洪良:主要货币短线操作指南美指周三

一张图：2024/03/07黄金原油外汇股指"

期货公司观点汇总一张图：3月7日农产品

商品

外汇期货

商品

最新价

涨跌

更多>>机构观点

(17:06)邦达亚洲:加拿大央行如期按兵不动美元加元险守

(11:38)邦达亚洲:小非农表现疲软美元指数刷新5周低位

(16:22)邦达亚洲:多重利好因素支撑黄金冲击2140关口

(12:48)邦达亚洲:经济数据表现疲软美元指数刷新8日低

(16:06)邦达亚洲:美联储6月降息预期升温黄金大幅攀升

(15:37)邦达亚洲:首次降息预期推迟欧元小幅收涨

(16:45)邦达亚洲:日本央行行长发表鸽派言论美元日元反

更多>>市场信息

高盛资深交易员：在2000年科技泡沫破灭

30年来最高！日本最大工会：今年的涨薪

特朗普才是全球经济最大威胁！末日博士

“定时炸弹”惊现纽约时代广场！巨屏公益

埃及与IMF达成协议将贷款金额增至80亿

3月加息传言再起！日本股债双杀，日元

这位美国前财长昨夜拯救了美国“银行业

薪资涨幅超预期日本央行距离加息更近

更多>>指数

指数

最新价

涨跌

更多>>专家观点

(11:35)田洪良:主要货币短线操作指南美指周三上涨在10

(12:45)田洪良:主要货币短线操作指南美指周二上涨在10

(20:41)宗校立:怂归怂美元大幅下跌也是不敢

(15:39)陆凯枫:多头继续猛冲2100 市场砸盘押注热战

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(16:29)张果彤:黄金如预期大涨长线目标2110

更多>>银行观点

道明证券：欧洲央行将暂停加息且进一

澳新银行：通胀趋势有所改善欧洲央行

丹斯克银行：数据基本符合预期欧洲央

10月11日汇市观潮：欧元、英镑和日元技

大和资本：料欧洲央行将加息25bp，但暂

一张图：2023/08/18黄金原油外汇股指"

一张图：2023/08/04黄金原油外汇股指"

各国央行利率变动

利率

最新价

涨跌

美国

5.25%-5.5%

上调

欧元区

3.75%

上调

日本

-0.1%

不变

英国

4.5%

上调

瑞士

0.50%

上调

澳大利亚

2.85%

上调

加拿大

上调

各国央行利率变动

往期查询

美国 - 联邦利率

日本 - 无担保隔夜拆借利率

欧元区 - 官方利率

英国 - 央行利率

澳洲 - 央行利率

新西兰 - 联邦利率

加拿大 - 央行利率

中国 - 一年定期利率

瑞士 - 央行利率

香港 - 基本利率

更多>>人民币汇率分析

(06:05)人民币国际自由使用程度提高

(00:59)全球风险情绪回温，机构聚焦中国股市和人民币反

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(10:46)央行：我们有能力、有信心、有条件维护外汇市场

(13:36)动了！在岸人民币对美元汇率日内拉涨逾800基点

(13:18)央行喊话“该出手时就出手”，人民币对美元应声暴

(13:14)央行：有信心、有条件保持人民币汇率基本稳定

更多>>汇率

2021年回顾与2022年展望

全球通胀又将如何演化？人民币汇率如何走？疫情会否继续冲击汇市？更多>>

2020年回顾与2021年展望

2019年回顾与2020年展望

2018年回顾与2019年展望

2022八大央行利率决议和纪要日程一览通胀仍是主要担忧？2022年这样买

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泰国铢

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卢布

林吉特

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泰国铢

瑞士法郎

新西兰元

丹麦克朗

挪威克朗

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离岸美元信用供给对全球资产配置的影响

从WM/R定盘窗口拓宽一窥外汇基准改革

人民币汇率参考篮子选择基于贸易均衡角度

美联储一年能赚多少钱？

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我想换美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特需要用美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特

我持有美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特能兑换美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特

当前汇率选择银行工商银行中国银行农业银行建设银行交通银行招商银行

友情提示:计算器所使用汇率直接来自相关银行官网网站，或由以上数据推算而来。

我有纸币美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特能兑换美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特

我有存款美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特能兑换美元人民币英镑欧元港币澳门元日元加拿大元澳大利亚元新加坡元韩元菲律宾比索泰国铢瑞士法郎新西兰元丹麦克朗挪威克朗瑞典克朗卢布林吉特南非兰特

当前汇率选择银行工商银行中国银行农业银行建设银行交通银行招商银行

友情提示:计算器所使用汇率直接来自相关银行官网网站，或由以上数据推算而来。

当前汇率选择银行工商银行中国银行农业银行建设银行交通银行招商银行

友情提示:计算器所使用汇率直接来自相关银行官网网站，或由以上数据推算而来。

外汇投资是什么？三分钟读懂外汇 - 知乎

外汇投资是什么？三分钟读懂外汇 - 知乎切换模式写文章登录/注册外汇投资是什么？三分钟读懂外汇王東大叔什么是外汇简称Forex/ FX，外汇是指以外国货币表示的可以用于国际结算的各种支付手段。通俗的说，就是英镑、美元、欧元、日元、加元、澳元、港元等外币。什么是外汇投资通俗的讲，类似股票一样开个外汇账户，在账户里和买卖股票一样，买卖外汇汇率便是外汇交易。　　例如今天汇率是1美元=6.1000人民币　　明天汇率是1美元=6.1200人民币　　如买1手美元涨，就赚了 = (6.1200-6.1000)* 10万美金 = 2000美金(1手是交易量代表10万美金的交易额)　　如果买了美元跌，那就亏了，所以买卖外汇就是预测汇率涨跌，然后进行交易。为什么选择外汇汇市可说是全球最“干净”的投机市场：投资者不用劳神于每支股票的业绩，不用担心期货多空双方的内幕交易，每日巨额的成交量，使任何机构也没有坐庄的勇气，截止到目前，外汇市场的交易量已经高达每天6万亿美金，索罗斯，巴菲特所能了解到的信息，普通投资者一样可以了解到，全球的投资者和投机人都在相同的时间看着相同的报价和价格图形，数十家网络交易平台和几千家做市商将全球几千万投资者和投机人连接在一起。最重要的是：能否赚钱是由自己的本事决定的。外汇行业发展现状外汇交易在中国有极大的市场机会和发展潜力。这首先是因为中国经济经过30年的高速发展积累了巨大的财富，劳动者创造的超额剩余价值必然大量地转移为储备；其次是因为转移为储备的财富很少有实现保值增值的投资机会。大家都经历了负利率，股票跳水，期货血本无归等等的现实，就是房地产，若作为投资保值工具也要打上问号。外汇行业前景外汇市场作为一个国际性的资本投机市场，外汇交易市场是世界上最大的金融市场。外汇市场几乎全天候都有交易在进行，且交易量庞大,估计每天约有6万亿美元的规模，最高到达10万亿美元，是全球股票市场加起来总和的6倍，是全球期货市场加起来的18倍。在海外成熟的投资市场，每一个家庭的投资分配有30%是属于外汇投资。但在我们国内还占不到1%。中国外汇储备占了全球总外汇储备总额的三分之一，是第二名日本的三倍多，随着人民币国际化的进程不断提速，中国外汇市场上无论是零售还是企业外汇需求，都将出现迅猛发展，全世界都将面临中国外汇时代的来临！外汇交易平台的介绍什么是外汇经纪商：专外汇经纪商foreign exchange broker专门在外汇交易中介绍成交，充当外汇供求双方中介并从中收取佣金的中间商。任何活跃的外汇市场都有不少的外汇经纪商)，在美国称为(Exchange Dealer)，像股票市场的经纪商角色一样，外汇经纪商(Brokers)在外汇市场仅扮演着中介人(Intermediaries)的角色，是以赚取佣金为目的，其主要任务是提供正确迅速的交易情报，以促进外汇交易的顺利进行，为客户代洽外汇买卖的汇兑商定，属于买主与卖主间，拉拢搓合，透过外汇经纪人的接洽，直接或间接自银行买卖。世界主流的外汇交易市场国际各主要外汇市场开盘收盘时间（北京时间）：新西兰惠灵顿外汇市场：04：00-12：00澳大利亚外汇市场：6：00-14：00日本东京外汇市场：08：00-14：30新加坡外汇市场：09：00-16：00英国伦敦外汇市场：15：30-00：30德国法兰克福外汇市场：15：30-00：30美国纽约外汇市场：21：00-04：00 外汇交易平台的监管国际各主要外汇市场中的外汇经纪商都必须接受当地政府机构的严格监管，以确保外汇零售市场的稳定运营和保护投资者的合法权益。美国 NFA美国全国期货协会（National Futures Association---NFA），美国全国期货协会（NFA）是根据美国《商品交易法》第17节的规定，于1976年组建的期货行业自律组织，属非盈利性会员制组织，是美国期货及外汇交易非商业独立监管机构。《商品交易法》第17节源自1974年的《商品期货交易委员会（CFTC）法》第三章，该部分规定了期货协会的登记注册和CFTC对期货专业人员自律管理协会的监管。1981年9月22日，CFTC接受NFA正式成为"注册期货协会"，1982年10月1日，NFA正式开始运作。英国 FSA英国金融服务监管局（Financial Service Agency---FSA），该局于1997年10月由1985年成立的证券投资委员会（Securities and Investments Board---SIB组织）改组而成，作为独立的非政府组织，拟成为英国金融市场统一的监管机构，行使法定职责，直接向英国财政部负责。澳大利亚 ASIC澳大利亚证券和投资委员会（Australian Securities and Investment Commission---ASIC）的基本职能体现在维护市场诚信和保护消费者权益方面。澳大利亚证券和投资委员会ASIC于2001年根据澳大利亚《证券投资委员会法案》（ASIC法案）成立。该机构是一个独立政府部门，并依法独立对公司、投资行为、金融产品和服务行使监管职能。澳大利亚证券和投资委员会是澳大利亚银行、证券、外汇零售行业的监管者。随着2001年澳大利亚《证券投资委员会法案》的出台，ASIC从此把零售外汇交易市场纳入日常监管范围，与银行、证券、保险等金融行业一同监管，成为了澳大利亚国家金融体系的重要组成部分。外汇交易平台的资金安全保障世界主流的外汇交易市场中的外汇经纪商都受到了各地政府机构的严格监管，所有执有正规经营牌照的外汇经纪商的客户资金都必须进行严格的独立隔离存放，经纪商不能挪用客户资金，并且经纪商要接受财务清查制度，经纪商不能干预客户交易。发布于 2018-02-21 14:42赞同 161 条评论分享喜欢收藏申请

Forex (FX): How Trading in the Foreign Exchange Market Works

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Table of Contents

What Is the Forex or FX?

Understanding the Forex

Trading in the Forex Market

Forex Market vs. Other Markets

Types of Forex Transactions

Example

Pros and Cons of Forex

Forex Terms

Foreign Exchange FAQs

The Bottom Line

James Chen

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James Chen, CMT is an expert trader, investment adviser, and global market strategist.

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Updated November 27, 2022

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Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

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What Is the Forex or FX?

The foreign exchange market, commonly referred to as the Forex or FX, is the global marketplace for the trading of one nation's currency for another.

The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. It has no centralized location, and no government authority oversees it.

Rather, the forex is an electronic network of banks, brokerages, institutional investors, and individual traders (mostly trading through brokerages or banks).

Key Takeaways

The forex is a global marketplace for exchanging national currencies.Foreign exchange venues comprise the largest securities market in the world by nominal value, with trillions of dollars changing hands each day.Foreign exchange trading uses currency pairs, priced in terms of one versus the other.Forwards and futures are another way to participate in the forex market.

Investopedia / Paige McLaughlin

Understanding the Forex

The Forex market determines the day-to-day value, or the exchange rate, of most of the world's currencies. If a traveler exchanges dollars for euros at an exchange kiosk or a bank, the number of euros will be based on the current forex rate. If imported French cheese suddenly costs more at the grocery, it may well mean that euros have increased in value against the U.S. dollar in forex trading.

Forex traders seek to profit from the continual fluctuations of currency values. For example, a trader may anticipate that the British pound will strengthen in value. The trader will exchange U.S. dollars for British pounds. If the pound then strengthens, the trader can do the transaction in reverse, getting more dollars for the pounds.

Currency Pairs

In forex trading, currencies are listed in pairs, such as USD/CAD, EUR/USD, or USD/JPY. These represent the U.S. dollar (USD) versus the Canadian dollar (CAD), the euro (EUR) versus the USD, and the USD versus the Japanese yen (JPY).

There will also be a price associated with each pair, such as 1.2569. If this is the USD/CAD pair, it means that it costs 1.2569 CAD to buy one USD. If the price increases to 1.3336, then it now costs 1.3336 CAD to buy one USD. The USD has increased in value against the CAD, so it now costs more CAD to buy one USD.

In the forex market, currencies trade in lots, called micro, mini, and standard lots. A micro lot is 1,000 worth of a given currency, a mini lot is 10,000, and a standard lot is 100,000. Trades take place in set blocks of currency. For example, a trader can exchange seven micro lots (7,000), three mini lots (30,000), or 75 standard lots (7,500,000).

Trading volume in the forex market is generally very large. Trading in the foreign exchange markets averaged $6.6 trillion worth per day in April 2019, according to the Bank for International Settlements.

The largest trading centers are London, New York, Singapore, Hong Kong, and Tokyo.

Trading in the Foreign Exchange Market

The Forex market is open 24 hours a day, five days a week around the globe.

Historically, foreign exchange market participation was for governments, large companies, and hedge funds. In today's world, trading currencies is as easy as a click of a mouse and accessibility is not an issue. Many investment companies allow individuals to open accounts and trade currencies through their platforms.

This is not like a trip to a foreign exchange kiosk. The process is entirely electronic with no physical exchange of money from one hand to another.

Rather, traders are taking a position in a specific currency in the hope that there will be some upward movement and strength in the currency that they're buying (or weakness if they're selling) so that they can make a profit.

Forex Market vs. Other Markets

There are some fundamental differences between foreign exchange and other markets.

First of all, there are fewer rules, which means investors aren't held to strict standards or regulations like those in the stock, futures, and options markets. There are no clearing houses and no central bodies that oversee the forex market.

Second, since trades don't take place on a traditional exchange, there are fewer fees or commissions like those on other markets.

Next, there's no cutoff as to when you can and cannot trade. Because the market is open 24 hours a day, you can trade at any time.

Finally, because it's such a liquid market, you can get in and out whenever you want and you can buy as much currency as you can afford.

Types of Forex Transactions

Forex traders transact in one of three distinct marketplaces: the spot, the forward, or the futures market. To find the best entry and exit point for a trade, they will use a variety of analysis techniques.

The Forex Spot Market

The spot market is the most straightforward of the Forex markets. The spot rate is the current exchange rate. A transaction in the spot market is an agreement to trade one currency for another currency at the prevailing spot rate.

Spot transactions for most currencies are finalized in two business days. The major exception is the U.S. dollar versus the Canadian dollar, which settles on the next business day.

The price is established on the trade date, but money is exchanged on the value date.

Role of the U.S. Dollar

The U.S. dollar is the most actively traded currency. The most common pairs are the USD versus the euro, Japanese yen, British pound, and Australian dollar.

Trading pairs that do not include the dollar are referred to as crosses. The most common crosses are the euro versus the pound and the euro versus the yen.

The spot market can be very volatile. Movement in the short term is dominated by technical trading, which bases trading decisions on a currency's direction and speed of movement. Longer-term changes in a currency's value are driven by fundamental factors such as a nation's interest rates and economic growth.

The Forex Forward Market

A forward trade is any trade that settles further in the future than a spot transaction. The forward price is a combination of the spot rate plus or minus forward points that represent the interest rate differential between the two currencies.

Most forward trades have a maturity of less than a year in the future but a longer term is possible. As in the spot market, the price is set on the transaction date but money is exchanged on the maturity date.

A forward contract is tailor-made to the requirements of the counterparties. They can be for any amount and settle on any date that is not a weekend or holiday in one of the countries.

Forex Futures

Unlike the rest of the foreign exchange market, forex futures are traded on an established exchange, primarily the Chicago Mercantile Exchange.

Forex futures are derivative contracts in which a buyer and a seller agree to a transaction at a set date and price.

This type of transaction is often used by companies that do much of their business abroad and therefore want to hedge against a severe hit from currency fluctuations. It also is subject to speculative trading.

Example of a Forex Trade

A trader thinks that the European Central Bank (ECB) will be easing its monetary policy in the coming months as the Eurozone’s economy slows. As a result, the trader bets that the euro will fall against the U.S. dollar and sells short €100,000 at an exchange rate of 1.15. Over the next several weeks the ECB signals that it may indeed ease its monetary policy. That causes the exchange rate for the euro to fall to 1.10 versus the dollar. This creates a profit for the trader of $5,000.

By shorting €100,000, the trader took in $115,000 for the short sale. When the euro fell, and the trader covered the short, it cost the trader only $110,000 to repurchase the currency. The difference between the money received on the short sale and the buy to cover it is the profit.

Had the euro strengthened versus the dollar, it would have resulted in a loss.

Pros and Cons of Forex

Pros

The forex was once the exclusive province of banks and other financial institutions. The internet has blasted the doors wide open.

Entry costs are low and the marketplace is open around the clock. There are many choices of forex trading platforms, including some that cater to beginners. There also are online forex trading courses that teach the basics.

Cons

Those financial institutions and the traders who work for them are still there, alongside the neophytes working from home. They have deep pockets, sophisticated software that tracks currency price movements, and teams of analysts to examine the economic factors that make currency rates move.

Currency trading is a fast-moving, volatile arena, quickly impacted by changes in global events. It's a risky business and can be made riskier by the use of leverage to increase the size of bets.

It's an easy way to lose money fast. Anyone willing to jump into Forex should get the necessary training in advance and start slowly with a minimal stake.

Pros and Cons of Forex

Pros

Accessible to individual investors through online trading platforms.

Open 24 hours a day world-wide.

Relatively light regulation or oversight.

Cons

Dominated by professionals and institutions with deep pockets.

Volatile prices subject to sudden swings based on news.

Relatively steep learning curve for newcomers.

Forex Terms

There are a number of terms that are used by Forex traders. Here are some of the basics.

Going long: Buying a currency on the belief that its value will increase in a matter of hours. Then it can be sold for a profit.

Going short: Selling a currency on the belief that its value will decrease. It can then be repurchased at a lower price.

Currency pair: Every Forex transaction is an exchange of one currency for another. A currency pair quote looks like this: USD/GBP = $1.15. In this example, the U.S. dollar is the base currency, and the British pound is the quote currency. A trader who wishes to buy British pounds will pay $1.15 for each.

The ask: The price the trader will pay to buy a currency pair.

The bid: The price the trader will pay to sell a currency pair.

The spread: The difference between the buying price and the selling price.

Major Currency Codes on the Forex

Just seven currency pairs represent the majority of trades on the Forex. They are:

EUR/USD (Euro/U.S. dollar)

USD/JPY (U.S. dollar/Japanese yen)

GBP/USD (British pound/U.S. dollar)

AUD/USD (Australian dollar/U.S. dollar)

USD/CAD (U.S. dollar/Canadian dollar)

USD/CHF (U.S. dollar/Swiss franc)

NZD/USD (New Zealand dollar/U.S. dollar)

How Big Is the Forex Market?

The daily trading volume on the forex market dwarfs that of the stock and bond markets.According to the latest triennial survey conducted by the Bank for International Settlements (BIS), trading in foreign exchange markets averaged $6.6 trillion per day in 2019. By contrast, the total notional value of U.S. equity markets on Dec. 31, 2021, was approximately $393 billion.

What Is Foreign Exchange Trading?

When you're making trades in the forex market, you're buying the currency of one nation and simultaneously selling the currency of another nation.There's no physical exchange of money. Traders are taking a position in a specific currency, with the hope that it will gain in value relative to the other currency.

How Does the Forex Market Differ From Other Markets?

The Forex is a decentralized market. It has no physical existence and no owner or management.There are no clearing houses or central bodies to oversee the forex. That means traders aren't held to strict standards or regulations, as are seen in the stock, futures, or options markets.It also means there are fewer fees and commissions to pay.

The Bottom Line

The forex, or FX, is the global marketplace for the exchange of currencies. As such, it determines the value of one currency against another in the real world.

Forex prices determine the amount of money a traveler gets when exchanging one currency for another. Forex prices also influence global trade, as companies buying or selling across borders must take currency fluctuations into account when determining their costs. Inevitably, the forex has an impact on consumer prices, as global exchange rates increase or lower the prices of imported components.

Article Sources

editorial policy.

Bank for International Settlements. "About BIS—Overview."

Bank for International Settlements. "Foreign Exchange Turnover in April 2019," Page 3.

Bank for International Settlements. "Foreign Exchange Turnover in April 2019," Page 10.

Bank for International Settlements. "Foreign Exchange Turnover in April 2019," Page 5.

CBOE Exchange, Inc. "U.S. Equities Market Volume Summary."

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Forex (FX): How Trading in the Foreign Exchange Market Works

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What Is Forex Trading? A Beginner’s Guide

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Getting Started in Forex

3 of 24

How Currency Trading Works

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Best Forex Brokers

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What Is a Currency Pair? Major, Minor, and Exotic Examples

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What Are Pips in Forex Trading and What Is Their Value?

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Why Interest Rates Matter for Forex Traders

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The Major Central Banks

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Forex Leverage: A Double-Edged Sword

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Forex Basics: Setting Up an Account

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Spot Exchange Rate: Definition, How They Work, and How to Trade

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What a Currency Forward Is, How It Works, Example, Use in Hedging

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What Are Currency Futures? How They Work in Trade and Investing

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Foreign Currency (FX) Swap: Definition, How It Works, and Types

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7 Currencies Worth More Than the U.S. Dollar

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How to Create and Manage an Effective Forex Trading Strategy

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9 Forex Trading Tips

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Strategies for Part-Time Forex Traders

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3 Simple Strategies for Euro Traders

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Currency Carry Trades 101

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Using Interest Rate Parity to Trade Forex

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Harmonic Patterns in the Currency Markets

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Forex Algorithmic Trading: Understanding the Basics

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Related Terms

Forex (FX): Definition, How to Trade Currencies, and Examples

Forex (FX) is the market for trading international currencies. The name is a portmanteau of the words foreign and exchange.

What Is a Cross Rate? Defintion and Examples of Major Cross Rates

A cross rate is a transaction in which any two currencies are exchanged for values that are expressed in a third currency. Most transactions are in major currency pairs.

Reciprocal Currency: Meaning, Example, FAQs

A reciprocal currency in the foreign exchange market is a currency pair that involves the U.S. dollar (USD) without the USD serving as the base currency.

Base Currency: Definition, Example, vs. Quote Currency

The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency.

How to Create and Manage an Effective Forex Trading Strategy

A forex trading strategy is a set of analyses a trader uses to decide whether to buy or sell a currency pair. They're available online or you can create one of your own.

AUD/USD (Australian Dollar/U.S. Dollar): Definition and History

AUD/USD is the abbreviation for the currency cross of Australia and the United States and it is the fourth most traded currency pair.

Forex (FX): Definition, How to Trade Currencies, and Examples

What Is a Cross Rate? Defintion and Examples of Major Cross Rates

What Is Forex Trading? A Beginner’s Guide

Reciprocal Currency: Meaning, Example, FAQs

Base Currency: Definition, Example, vs. Quote Currency

Forex Day Trading: 5 Mistakes to Avoid

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1.36056

1.38981

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Australian Dollar Forecast: The RBA is Under Starters Orders

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Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter

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45m

Last updated:

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45m

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Neutral

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Mixed

45m

Last updated:

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45m

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Mixed

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Note: Low and High figures are for the trading day.

Data provided by

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0.84976

0.85776

0.86206

0.87656

Last updated: 2024-03-07 10:23:24

News & Analysis

EUR/GBP Forecast

Euro

Neutral

Euro Trade Setups Ahead of ECB Decision – EUR/USD, EUR/GBP and EUR/JPY

British Pound

Neutral

British Pound Weekly Forecast: Sterling Becalmed As Spring Budget Looms

View More On EUR/GBP

EUR/JPY

Daily % Change

Bearish

45m

Last updated:

Mar 7, 2024

EUR/JPY

45m

Last updated:

Mar 7, 2024

Daily % Change

Bearish

Sentiment Trend

Bearish

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

153.121

157.196

158.888

163.711

164.289

Last updated: 2024-03-07 10:23:24

News & Analysis

EUR/JPY Forecast

Euro

Neutral

Euro Trade Setups Ahead of ECB Decision – EUR/USD, EUR/GBP and EUR/JPY

Japanese Yen

Neutral

Japanese Yen Weekly Forecast: The Yen Remains at the Mercy of External Factors

View More On EUR/JPY

GBP/CHF

Daily % Change

45m

Last updated:

Mar 7, 2024

GBP/CHF

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

GBP/CHF Forecast

British Pound

Neutral

British Pound Weekly Forecast: Sterling Becalmed As Spring Budget Looms

View More On GBP/CHF

GBP/JPY

Daily % Change

Bearish

45m

Last updated:

Mar 7, 2024

GBP/JPY

45m

Last updated:

Mar 7, 2024

Daily % Change

Bearish

Sentiment Trend

Bearish

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

178.006

182.742

186.136

191.306

Last updated: 2024-03-07 10:23:24

News & Analysis

GBP/JPY Forecast

British Pound

Neutral

British Pound Weekly Forecast: Sterling Becalmed As Spring Budget Looms

Japanese Yen

Neutral

Japanese Yen Weekly Forecast: The Yen Remains at the Mercy of External Factors

View More On GBP/JPY

USD/CHF

Daily % Change

Mixed

45m

Last updated:

Mar 7, 2024

USD/CHF

45m

Last updated:

Mar 7, 2024

Daily % Change

Mixed

Sentiment Trend

Mixed

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

0.83314

0.84597

0.86877

0.88921

0.92431

Last updated: 2024-03-07 10:23:24

News & Analysis

USD/CHF Forecast

US Dollar

Bullish

US Dollar Forecast: Markets Eye NFP After Manufacturing Scare

View More On USD/CHF

USD/NOK

Daily % Change

45m

Last updated:

Mar 7, 2024

USD/NOK

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On USD/NOK

USD/SEK

Daily % Change

45m

Last updated:

Mar 7, 2024

USD/SEK

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On USD/SEK

AUD/CHF

Daily % Change

45m

Last updated:

Mar 7, 2024

AUD/CHF

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

AUD/CHF Forecast

Australian Dollar

Neutral

Australian Dollar Forecast: The RBA is Under Starters Orders

View More On AUD/CHF

AUD/NZD

Daily % Change

45m

Last updated:

Mar 7, 2024

AUD/NZD

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

AUD/NZD Forecast

Australian Dollar

Neutral

Australian Dollar Forecast: The RBA is Under Starters Orders

View More On AUD/NZD

CAD/CHF

Daily % Change

45m

Last updated:

Mar 7, 2024

CAD/CHF

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

CAD/CHF Forecast

Canadian Dollar

Bearish

Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter

View More On CAD/CHF

EUR/NOK

Daily % Change

45m

Last updated:

Mar 7, 2024

EUR/NOK

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On EUR/NOK

EUR/NZD

Daily % Change

45m

Last updated:

Mar 7, 2024

EUR/NZD

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

EUR/NZD Forecast

Euro

Neutral

Euro Trade Setups Ahead of ECB Decision – EUR/USD, EUR/GBP and EUR/JPY

View More On EUR/NZD

EUR/SEK

Daily % Change

45m

Last updated:

Mar 7, 2024

EUR/SEK

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On EUR/SEK

EUR/TRY

Daily % Change

45m

Last updated:

Mar 7, 2024

EUR/TRY

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On EUR/TRY

GBP/AUD

Daily % Change

45m

Last updated:

Mar 7, 2024

GBP/AUD

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

GBP/AUD Forecast

British Pound

Neutral

British Pound Weekly Forecast: Sterling Becalmed As Spring Budget Looms

Australian Dollar

Neutral

Australian Dollar Forecast: The RBA is Under Starters Orders

View More On GBP/AUD

GBP/CAD

Daily % Change

45m

Last updated:

Mar 7, 2024

GBP/CAD

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

GBP/CAD Forecast

British Pound

Neutral

British Pound Weekly Forecast: Sterling Becalmed As Spring Budget Looms

Canadian Dollar

Bearish

Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter

View More On GBP/CAD

GBP/NZD

Daily % Change

45m

Last updated:

Mar 7, 2024

GBP/NZD

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

GBP/NZD Forecast

British Pound

Neutral

British Pound Weekly Forecast: Sterling Becalmed As Spring Budget Looms

View More On GBP/NZD

NZD/CAD

Daily % Change

45m

Last updated:

Mar 7, 2024

NZD/CAD

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

NZD/CAD Forecast

Canadian Dollar

Bearish

Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter

View More On NZD/CAD

NZD/CHF

Daily % Change

45m

Last updated:

Mar 7, 2024

NZD/CHF

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On NZD/CHF

NZD/JPY

Daily % Change

45m

Last updated:

Mar 7, 2024

NZD/JPY

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

NZD/JPY Forecast

Japanese Yen

Neutral

Japanese Yen Weekly Forecast: The Yen Remains at the Mercy of External Factors

View More On NZD/JPY

USD/CNH

Daily % Change

45m

Last updated:

Mar 7, 2024

USD/CNH

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

7.08648

7.14049

7.18053

7.23283

7.36198

Last updated: 2024-03-07 10:23:24

News & Analysis

View More On USD/CNH

USD/MXN

Daily % Change

45m

Last updated:

Mar 7, 2024

USD/MXN

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On USD/MXN

USD/TRY

Daily % Change

45m

Last updated:

Mar 7, 2024

USD/TRY

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On USD/TRY

USD/ZAR

Daily % Change

45m

Last updated:

Mar 7, 2024

USD/ZAR

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On USD/ZAR

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Commodities

Our guide explores the most traded commodities worldwide and how to start trading them.

Market

Daily % Change

Sentiment

Gold

Daily % Change

Bullish

45m

Last updated:

Mar 7, 2024

Gold

45m

Last updated:

Mar 7, 2024

Daily % Change

Bullish

Sentiment Trend

Bullish

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

1810.28

1984.07

2161.39

Last updated: 2024-03-07 10:23:24

News & Analysis

Gold Forecast

Gold

Neutral

Gold (XAU/USD) Price Struggles for Direction, Silver (XAG/USD) Looks Boxed In

View More On Gold

SPDR Gold Shares (GLD)

Daily % Change

45m

Last updated:

Mar 7, 2024

SPDR Gold Shares (GLD)

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On SPDR Gold Shares (GLD)

Silver

Daily % Change

Bullish

45m

Last updated:

Mar 7, 2024

Silver

45m

Last updated:

Mar 7, 2024

Daily % Change

Bullish

Sentiment Trend

Bullish

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

20.672

21.917

21.918

24.296

25.912

Last updated: 2024-03-07 10:23:24

News & Analysis

View More On Silver

iShares Silver Trust (SLV)

Daily % Change

45m

Last updated:

Mar 7, 2024

iShares Silver Trust (SLV)

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On iShares Silver Trust (SLV)

Oil - US Crude

Daily % Change

Mixed

45m

Last updated:

Mar 7, 2024

Oil - US Crude

45m

Last updated:

Mar 7, 2024

Daily % Change

Mixed

Sentiment Trend

Mixed

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

67.924

70.188

72.419

80.469

94.238

Last updated: 2024-03-07 10:23:24

News & Analysis

Oil - US Crude Forecast

Oil

Neutral

Oil Weekly Forecast: Technicals Hint at Further Upside but Geopolitics Holds the Key

View More On Oil - US Crude

Oil - Brent Crude

Daily % Change

45m

Last updated:

Mar 7, 2024

Oil - Brent Crude

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

Oil - Brent Crude Forecast

Oil

Neutral

Oil Weekly Forecast: Technicals Hint at Further Upside but Geopolitics Holds the Key

View More On Oil - Brent Crude

Copper

Daily % Change

45m

Last updated:

Mar 7, 2024

Copper

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Copper

Natural Gas

Daily % Change

45m

Last updated:

Mar 7, 2024

Natural Gas

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Natural Gas

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Stocks

Get top insights on the most traded stock indices and what moves indices markets.

Market

Daily % Change

Sentiment

US 500

Daily % Change

Bullish

45m

Last updated:

Mar 7, 2024

US 500

45m

Last updated:

Mar 7, 2024

Daily % Change

Bullish

Sentiment Trend

Bullish

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

US 500 Forecast

Indices

Bullish

Indices Forecast: S&P 500, Nasdaq Surge While FTSE Lags Behind

View More On US 500

SPDR S&P 500 ETF Trust (SPY)

Daily % Change

45m

Last updated:

Mar 7, 2024

SPDR S&P 500 ETF Trust (SPY)

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On SPDR S&P 500 ETF Trust (SPY)

E-Mini S&P 500 (ES)

Daily % Change

45m

Last updated:

Mar 7, 2024

E-Mini S&P 500 (ES)

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On E-Mini S&P 500 (ES)

Wall Street

Daily % Change

Mixed

45m

Last updated:

Mar 7, 2024

Wall Street

45m

Last updated:

Mar 7, 2024

Daily % Change

Mixed

Sentiment Trend

Mixed

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

32321.1

37123.9

38035.8

39285.9

Last updated: 2024-03-07 10:23:24

News & Analysis

View More On Wall Street

US Tech 100

Daily % Change

45m

Last updated:

Mar 7, 2024

US Tech 100

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On US Tech 100

Invesco QQQ Trust (QQQ)

Daily % Change

45m

Last updated:

Mar 7, 2024

Invesco QQQ Trust (QQQ)

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Invesco QQQ Trust (QQQ)

Nasdaq 100 (NQ)

Daily % Change

45m

Last updated:

Mar 7, 2024

Nasdaq 100 (NQ)

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Nasdaq 100 (NQ)

Germany 40

Daily % Change

Bearish

45m

Last updated:

Mar 7, 2024

Germany 40

45m

Last updated:

Mar 7, 2024

Daily % Change

Bearish

Sentiment Trend

Bearish

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

14587.3

16342.8

16781.2

17815.9

Last updated: 2024-03-07 10:23:24

News & Analysis

Germany 40 Forecast

Indices

Bullish

Indices Forecast: S&P 500, Nasdaq Surge While FTSE Lags Behind

View More On Germany 40

FTSE 100

Daily % Change

Mixed

45m

Last updated:

Mar 7, 2024

FTSE 100

45m

Last updated:

Mar 7, 2024

Daily % Change

Mixed

Sentiment Trend

Mixed

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

7256.6

7402.2

7462.9

7749.5

7768.8

Last updated: 2024-03-07 10:23:24

News & Analysis

FTSE 100 Forecast

Indices

Bullish

Indices Forecast: S&P 500, Nasdaq Surge While FTSE Lags Behind

View More On FTSE 100

Australia 200

Daily % Change

45m

Last updated:

Mar 7, 2024

Australia 200

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Australia 200

Japan 225

Daily % Change

45m

Last updated:

Mar 7, 2024

Japan 225

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

30266.6

33257.6

35830.1

40571

Last updated: 2024-03-07 10:23:24

News & Analysis

Japan 225 Forecast

Indices

Bullish

Indices Forecast: S&P 500, Nasdaq Surge While FTSE Lags Behind

View More On Japan 225

France 40

Daily % Change

Mixed

45m

Last updated:

Mar 7, 2024

France 40

45m

Last updated:

Mar 7, 2024

Daily % Change

Mixed

Sentiment Trend

Mixed

Net Long

Net Short

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

6751.1

7280

7572.4

7978

Last updated: 2024-03-07 10:23:24

News & Analysis

View More On France 40

Hong Kong HS50

Daily % Change

45m

Last updated:

Mar 7, 2024

Hong Kong HS50

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Hong Kong HS50

IBEX 35

Daily % Change

45m

Last updated:

Mar 7, 2024

IBEX 35

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On IBEX 35

EU Stocks 50

Daily % Change

45m

Last updated:

Mar 7, 2024

EU Stocks 50

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On EU Stocks 50

Russell 2000 ETF

Daily % Change

45m

Last updated:

Mar 7, 2024

Russell 2000 ETF

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Russell 2000 ETF

Treasury Bond ETF

Daily % Change

Treasury Bond ETF

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Treasury Bond ETF

Volatility Index ETF

Daily % Change

45m

Last updated:

Mar 7, 2024

Volatility Index ETF

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Volatility Index ETF

Short-Term Volatility ETN

Daily % Change

Short-Term Volatility ETN

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Short-Term Volatility ETN

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Cryptocurrencies

Find out more about top cryptocurrencies to trade and how to get started.

Market

Daily % Change

Sentiment

Bitcoin

Daily % Change

45m

Last updated:

Mar 7, 2024

Bitcoin

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

24877.1

38471.6

42488.3

69091

Last updated: 2024-03-07 10:23:24

News & Analysis

Bitcoin Forecast

Bitcoin

Neutral

Crypto Weekly Forecast: Bitcoin Taps $38k as Ethereum ETF Sparks Rally, More Upside Ahead?

View More On Bitcoin

Ethereum

Daily % Change

45m

Last updated:

Mar 7, 2024

Ethereum

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

Support & Resistance

1518.2

2163.4

2294.3

3898.7

Last updated: 2024-03-07 10:23:24

News & Analysis

View More On Ethereum

Litecoin

Daily % Change

45m

Last updated:

Mar 7, 2024

Litecoin

45m

Last updated:

Mar 7, 2024

Daily % Change

Low/High

Low

High

Note: Low and High figures are for the trading day.

Data provided by

News & Analysis

View More On Litecoin

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Market

A to Z

Z to A

Daily % Change

Highest to lowest

Lowest to highest

Sentiment

Bullish to Bearish

Bearish to Bullish

2024-03-07 10:45:15

Slug

72% of retail CFD accounts lose money

Trading forex carries a high level of risk

72% of retail CFD accounts lose money. For Professional Traders Only.

72% of retail CFD accounts lose money

Trading forex carries a high level of risk

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外汇交易市场_百度百科

市场_百度百科网页新闻贴吧知道网盘图片视频地图文库资讯采购百科百度首页登录注册进入词条全站搜索帮助首页秒懂百科特色百科知识专题加入百科百科团队权威合作下载百科APP个人中心收藏查看我的收藏0有用+10外汇交易市场播报讨论上传视频外汇交易市场(FOREX)FOREX（外汇交易）市场——银行同业市场，建立于1971年，当时国际贸易从固定汇率转向浮动汇率。从此，一种货币相对于另一种货币的汇率通常以显式的方式来表示——双方都同意的交换关系。该市场的交易量超过了其它所有的。比如，每天全球有价证券市场的交易量大约为3000亿美元，而每天外汇交易量将近6万亿美元。不过，Forex并不是传统意义上的“市场”，它并没有像股票和期货那样有具体的交易场地。外汇交易是通过电话和电脑终端，在全球几百家银行间同时进行。中文名外汇交易市场外文名FOREX（外汇交易）市场建立于1971年通过电脑终端目录1外汇市场▪学习入门▪市场时间▪市场构成▪杠杆效应2吸引投资3发展历史4历史沿革5浮动汇率6主要市场7历史现状8区别股票9黄金法则外汇市场播报编辑除此之外，与期货和证券市场相比，外汇市场与它们有一点本质的区别，这点区别同时也是其它市场的局限性——交易在一天结束时被中断，只有在第二天早上重新开始。因此，如果您是在俄国市场进行交易，而有些与市场相关的重要事件在美国发生了，当早上开市的时候，可能与您所希望的会完全不一样。外汇市场每天24小时不停工作，外币交易在一周内的工作日中不会中断。几乎在每个时区（伦敦，纽约，东京，香港，悉尼等）都有愿意对外汇提供报价的交易商。从1971年直到几年前，该市场的真正投资者是银行，跨国公司和大型经纪商社。如果独立个人希望把资金投入到该市场，那么他应该同银行合作，投入大约一百万美元的资金，以满足获得五百万到一千万美元交易的需要。在经纪商那情况稍微好一些，他们可以把最低保证金存款降低到二十五万美元。但是，外汇交易市场已经对小型投资者开放。与先前银行和经纪商要求的巨额资金相比，保证金需求已经大大地降低了，终于，使得众多个人可以与“大鲨鱼”一同游戏。还有，小的投资者可以利用互联网的优势，而在过去，它只可能被大型参与者所使用。投资理财没有包赚的，外汇交易也一样，类似股票一样。外汇交易毕竟是理财，所以基础知识还是需要的，而且不是外汇黄金公司都可以选择，不是所有的投资都可以盈利。所以说是入门非常重要。学习入门1.基础知识是必要的，建议看看《外汇交易入门》《外汇交易市场》《日本蜡烛图曲线》《超短线大师》《炒外汇A-Z》也可以在网上收集一下资料。免费电子书FXCM环球金汇的下载专区下载里面有免费这本书和其他外汇技术免费电子书2 要选一个主流的平台（受FSA监管或者ASIC监管），说明他们操作和资金流转上都是否的规范和认真，保障了我们的安全.英国FSA和ASIC监管最严格3 外汇基础知识要熟悉，平台选择英国，澳大利亚的，对你的资金安全也有保障4 交易的时候要设好止损控制好仓位，这点很重要。5 保持好的心态盈利很正常。(备注:你本人也需懂得一些基本的外汇知识.)对了。如果你是新手可以FXCM环球金汇去注册外汇模拟账户先免费注册个玩玩。看看模拟炒外汇是这么炒的，慢慢你就懂了例如什么是交易时间,什么是货币英文名字,什么是开盘收盘时间.在学习入门准备工作之后。我们需要了解外汇黄金交易的时间表,先学习下交易时间，对我们外汇交易市场都有很大影响，在学习入门准备工作之后。我们需要了解交易市场时间表。市场时间国际各主要外汇市场开盘收盘时间（北京时间）：新西兰惠灵顿外汇市场：4:00-12:00（冬令时）； 05：00-13：00 （夏令时）外汇市场开盘收盘时间澳大利亚悉尼外汇市场：06：00-14：00（冬令时）； 07：00-15：00 （夏令时）日本东京外汇市场：08：00-14：30新加坡外汇市场：09：00-16：00中国香港外汇市场：09：00-16：00英国伦敦外汇市场：16：30-00：30（冬令时）； 15：30-23： 30（夏令时）德国法兰克福外汇市场：14：00-22：00美国纽约外汇市场：21：30-04：00（冬令时）； 20：30-03：00（夏令时）市场构成1．按市场交易有无固定地点划分，有无形市场和有形市场。黄金市场大多通过经纪人成交。黄金市场对每个黄金经纪人的席位收取高额费用。2．按市场的作用大小划分，有主导性黄金市场和地区性黄金市场。3．按市场管制程度划分，有自由交易市场和有限制交易市场。4．按市场交易方式划分，有现货市场和期货市场。杠杆效应外汇交易市场的杠杆效应在国内也相当普遍，交易者只付出1%至10%的保证金，就可进行10至100倍额度的交易。更甚者保证金低至0.5%，进行高达 200倍额度的交易。由于杠杆式外汇交易对投资者的资金要求甚低，可以无限期持有头寸；加上交易方式灵活，吸引了不少投资者。由于亚洲市场、欧洲市场、美洲市场因时间差的关系，连成了一个全天24小时连续作业的全球外汇市场。不管投资者本人在哪里，他都可以参与任何市场、任何时间的买卖，外汇市场是一个没有时间和空间障碍的市场。杠杆式外汇交易看似本小利大，实质属于一种高风险的金融杠杆交易工具。由于按金交易的参与者只支付一个很小比例的保证金，外汇价格的正常波动都被放大几倍甚至几十倍，这种高风险带来的回报和亏损十分惊人。另一方面，国际外汇市场的日成交金额可以达1万亿美元以上，众多的国际金融机构和基金参与其中。各国经济政策随时变化，各种突发性事件时有发生，这些都可能成为导致汇率大幅度波动的原因。大机构雇用大量人力资源，从各种渠道获得第一手信息，投资团队实时运用分析结果买卖图利。杠杆式外汇交易保证金的金额虽小，但实际动用的资金却十分庞大，而且外汇价每日的波幅又很大，如果投资者在判断外汇走势方面失误，就很容易全军覆没。一旦遇上意料之外的市况而没有及时采取措施，不仅本金全部赔掉，而且还可能要追加差额。各投资者切不能掉以轻心。在决定杠杆倍数时，必须明白其中的风险。吸引投资播报编辑流动性外汇市场每天交易所吸收的资金远远地超过了其它任何市场的数量。高度流动性是对投资者最强大的吸引力，它使得投资者可以按当前的市场报价自由开仓和平仓，而且几乎没有数量的限制。不间断的运转对市场参与者根本性的吸引力是它的每天24小时不间断运转。在外汇市场，参与者不象在其它很多别的市场，需要进行等待才能对各种发生事件作出反映，而在外汇市场不需要。灵活的操作在外汇市场，交易人可以用一个希望的定期期限建一个新的部位。费用外汇交易市场传统上就没有各种佣金，除了自然的市场价差bid/ask。确切的报价由于市场高度的流动性，大多数的交易可能是按统一市场价执行的。这避免了期货中的不稳定性和其它货币投资中，在某个时间只可以按市场价交易一定数量的资金。发展历史播报编辑外汇交易市场（FX或Forex）起源于1973年。但是，自从埃及法老王的时代开始，货币的种类就已经开始在从一种到另一种不停的变化中。虽然古巴比伦人作为历史上第一个使用纸张作为票据单的民族而被载入史册，但是中东的货币交易商才是世界上第一个进行货币交易的商人，他们把一国的硬币换成另一国的硬币。在中世纪阶段，开始出现对除硬币以外其它形式的货币需求，因为其选择方式在不断的更新出现。这些纸作的单据当时被用作可转换的第三方资金付款单，使当时的商人和外贸商人可以简单地进行外汇交换，繁荣了当地的经济。历史沿革播报编辑1944—布雷顿森林协议建立，帮助稳定第二次世界大战后的全球经济。1971—史密斯索尼安协议建立，允许了更大范围的货币浮动。1972—欧洲共同浮动汇率体制建立，因为欧共体尝试摆脱于美元挂钩。1973— 史密斯索尼安协议与欧洲共同浮动汇率机制瓦解，标志着自由浮动汇率机制的正式到来。1978— 欧洲货币机制推广，尝试彻底与美元摆脱关联。1978— IMF正式开始自由浮动汇率的管理。1993— 欧洲货币体制失败促进了世界范围内的自由浮动汇率机制的发展。从中世纪外汇交换的初级阶段到第一次世界大战时期,外汇市场始终的保持着相当的稳定，没有出现过过多的投机活动。但是在WWI以后，外汇市场开始变得波动，投机活动比起以前增加了10倍以上。通常，大多数的机构和公众不赞成外汇市场上的投机活动。经济大衰退和1931年黄金基本位制的瓦解使得当时的外汇市场的异常的平静。在1931年至1973年间外汇市场经历了一系列的转变。这些转变在很大程度上影响了当时的经济，而且在当时的外汇交易市场中很少有投机现象出现。布雷顿森林协议布雷顿森林协议签订于1944年，为阻止货币在国家间逃逸，限制国际货币投机行为，从而实现国际货币的稳定。此协定最终于 1971 年被废止，美元将不再能被兑换成黄金。到1973年，各主要工业国的货币汇率浮动更加自由了，主要由外汇市场上的货币供给量和需求量调控。随着交易量、交易速度以及价格易变性在 20 世纪 70 年代中的全面增长，比价天天浮动，全新金融工具逐渐问世，市场自由化和贸易自由化得以实现。在 20 世纪 80 年代，随着计算器及相关技术的问世，跨国资本流动加速，将亚、欧、美等洲时区市场连成一片。外汇交易量从 80 年代中期的每天约 700 亿美元猛升至 20 年后今天的每天 15000 亿美元。浮动汇率播报编辑1971年12月史密斯索尼安协议代替了布雷顿森林协定，这一协定类似于布雷顿森林协定，但是允许了货币在更大的范围内浮动。在1972年，欧洲共同体为尝试摆脱长期绑定美元的局面，当时的西德、法国、意大利、荷兰、比利时及卢森堡建立欧洲共同浮动汇率。这一协定也非常类似于布雷顿森林协定，但是允许了货币值在更大的范围内浮动。以上的两个协议与布雷顿森林体系有着相似的错误，在1973年，两个协议瓦解。1973年史密斯索尼安协议和欧洲共同浮动汇率的瓦解标示着正式转变为自由浮动汇率的开始。这一转变完全是偶然的，因为当时没有其它的新协议可以用来代替它。政府可以自由的绑定他们的货币、半绑定他们的货币或完全允许自由的汇率浮动。在1978年，自由浮动汇率体制被正式的启动使用。通过最终的努力，欧洲摆脱了与美元的绑定，在1978年7月建立了欧洲货币体系。但是和之前所有的协议一样，在1993年该体系瓦解。主要货币的变动与其它货币的变动不再关联。任何希望进行货币交易的人都可以进行货币交易。因此，引起了银行、避险基金、中间商及个人等投机行为的进入。政府的中央银行偶尔会出来干预，使汇率移动或尝试使汇率移动向他们希望的水平。但是，当前驱动外汇市场的潜在因素是供给与需求因素。对于当今的外汇市场，自由浮动汇率是非常理想的。如果在未来我们的星球再次陷入类似于20世纪初期的世界战争中，外汇交易市场将会怎样受到影响呢？美元还会像若干年来一样继续扮演避风港的角色吗？这一切只有时间才知道。主要市场播报编辑简单概述国际清算银行每三年公布一次全世界的外汇交易额。1989年4月统计每日交易额为6200亿美元，1992年4月统计每日交易额为8800亿美元。1995年9月统计每日为1万亿美元，1998年每日交易额为1.428万亿美元，2001年每日交易额为1.4万亿美元，2004年每日交易额为1.88万亿美元。（相当于美国国债日交易额的4倍）。伦敦外汇市场伦敦外汇市场由经营外汇业务的银行及外国银行在伦敦的分行、外汇经纪人、其他经营外汇业务的非银行金融机构和英格兰银行构成。伦敦外汇市场有约300家领有英格兰银行执照的外汇指定银行，其中包括各大清算银行的海外分行。世界100家最大的商业银行几乎都在伦敦设立了分行。它们向顾客提供了各种外汇服务，并相互间进行大规模的外汇交易。伦敦外汇市场上的外汇经纪人有90多家，这些外汇经纪人组成经纪协会，支配了伦敦外汇市场上银行间同业之间的交易。伦敦外汇市场没有固定的交易场所，而是用电传、电报、电话及电子计算机控制系统进行交易，因此它是一个抽象市场。市场上的交易货币几乎包括所有的可兑换货币，规模最大的是英镑兑美元的交易，其次是英镑兑欧元和日元的交易。此外，像美元兑欧元、欧元兑日元、日元兑美元等多边交易，在伦敦外汇市场上也普遍存在。在伦敦外汇市场上的外汇交易类别有即期外汇交易、远期外汇交易和掉期外汇交易等。除了外汇现货交易外，伦敦也是最大的外汇期货和期权交易市场。纽约外汇市场纽约外汇市场不仅是美国外汇业务的中心，也是世界上最重要的国际外汇市场之一，从其每日的交易量来看，居世界第二位，也是全球美元交易的清算中心。纽约外汇市场是抽象的外汇市场，它通过电报、电话、电传、电脑终端机与国内外联系，没有固定的交易场所。参加市场活动的有联邦储备银行、美国各大商业银行的外汇部门、外汇银行在美国的分支与代理机构、外汇经纪人、公司财团、个人等。联邦储备银行执行中央银行的职能，同许多国家银行订有互惠信贷，可以在一定限度内借入各种货币，干预外汇市场，维持美元汇率的稳定。纽约外汇市场上的大商业银行是最活跃的金融机构，外汇买卖和收付通过它们在国内外的分支行和代理机构进行。纽约外汇市场由三部分组成。第一是银行与客户之间的外汇交易市场，第二是纽约银行间的外汇交易市场，第三是纽约各银行与国外银行间的外汇交易市场。其中纽约银行间的外汇交易市场是交易量最大的市场，占整个外汇市场交易量的90%。因此，商业银行在外汇交易中起着极为重要的作用，外汇交易主要通过商业银行办理。在经营业务方面，美国没有外汇管制，任何一家美国的商业银行均可自由地经营外汇业务。在纽约外汇市场上交易的货币，主要有欧元、英镑、加拿大元、日元等。据纽约两帮储备银行的数据，在纽约外汇市场上，交易量最大的是欧元，占40%，其次为日元23%，英镑19%，加拿大元5%。东京外汇市场东京外汇市场是随着日本对外经济和贸易发展而发展起来的，是与日本金融自由化、国际化的进程相联系的。在交易方式上，东京市场与伦敦市场、纽约市场相似，是无形市场。交易利用电话、电报等电讯方式完成。在外汇价格制定上，东京市场又与欧洲大陆的德国、法国市场相似，采取“订价”方式。每个营业日的上午10点，主要外汇银行经过讨价还价，确定当日外汇价格。从交易货币和种类看，因为日本的进出口贸易多以美元结算，所以东京外汇市场90%以上是美元对日元的买卖，日元对其他货币的交易较少；交易品种有即期、远期和掉期等。即期外汇买卖又分为银行对客户当日结算和银行同业间的次日结算交易。东京外汇市场上即期、远期交易的比重都不高，掉期业务量很大。而其中又以日元/美元的掉期买卖为最大。香港外汇市场香港是个自由港，是世界第五大外汇交易中心。每天开市的正式时间是上午9点，但许多金融机构半小时以前就有行市显示。到下午5点，各大银行都已冲平当日外汇头寸，基本上不再作新的成交，一般可以认为下午5点是收市时间。但实际上，许多机构在香港的外汇市场结束后，继续在相继的伦敦市场、纽约市场完成交易，直到纽约市场收市才停止。香港外汇市场由两个部分构成。一是港元兑外币的市场，其中包括美元、日元、欧元、英镑、加元、澳元等主要货币和东南亚国家的货币。当然也包括人民币。二是美元兑其他外汇的市场。这一市场的交易目的在于完成跨国公司、跨国银行的资金国际调拨。在香港外汇市场中，美元是所有货币兑换的交易媒介。港币与其他外币不能直接兑换，必须通过美元套购，先换成美元，再由美元折成所需货币。苏黎世外汇市场苏黎世外汇市场没有外汇经纪人，所有外汇交易都在银行同业之间直接进行，参与的外汇银行有瑞士银行。瑞士信贷银行、瑞士联合银行等，还有外国银行在瑞士的分行、国际清算银行和瑞士中央银行即瑞士国家银行。外汇交易中主要是瑞士法郎对美元的交易，对其他货币通过美元进行交叉买卖，因此瑞士法郎对，美元的汇率是苏黎世外汇市场的主要汇率，瑞士法郎对其他货币的汇率采用以美元进行套算。法兰克福外汇市场法兰克福是德国中央银行（德国联邦银行）所在地。法兰克福外汇市场分为订价市场和一般市场。订价市场由官方指定的外汇经纪人负责撮合交易，它们分属法兰克福、杜赛尔多夫、汉堡、慕尼黑和柏林五个交易所，它们接受各家银行外汇交易委托，如果买卖不平衡，汇率就继续变动，一直到买和卖相等，或中央银行干预以达到平衡，订价活动方结束，时间大约是中午12：45。德国联邦银行派有专业人员参加法兰克福外汇市场的交易活动，以确定，马克的官价。中央银行干预外汇市场的主要业务是美元对马克的交易，其中70%为即期外汇，30%为远期外汇，有时也对外币与外币之间的汇率变动进行干预。外汇经纪人除了撮合当地银行外汇交易外，还随时与各国外汇市场联系，促进德国与世界各地的外汇交易活动。新加坡外汇市场新加坡外汇市场是随着美元市场的发展而发展起来的。它是全球第四大外汇市场，日平均交易量仅次与东京。新加坡外汇市场的主要参与者是外汇银行、外汇经纪人、商业客户和新加坡金融管理局。新加坡外汇市场上，银行间的交易都通过经纪人进行，但外汇经纪人只获准作为银行的代理进行外汇交易，不能以本身的账户直接与非银行客户进行交易。新加坡的银行与境外银行的外汇交易一般直接进行。新加坡金融管理局的作为监督和管理外汇银行、干预外汇市场而参加。新加坡外汇市场属于无形市场，通常上午8点开市交易，下午3点收市。巴黎外汇市场巴黎外汇市场由15家左右的大商业银行和为数不少的外汇经纪人组成。法兰西银行也是外汇市场重要参与者，其目的是对外汇市场进行监督，必要时进行市场干预，以维持法郎回家的稳定。巴黎外汇市场为有形市场和无形市场的结合。有形市场的交易项目仅限于对客户的交易，执行公定汇率，业务量不大。实际的交易，大部分还是在无形市场上进行的。与此相适应，巴黎外汇市场分为两个部分。一部分是每日的订价市场，即每日在巴黎外汇交易所中通过拍卖外汇的方式确定法郎对各主要国家货币的当日汇价。另一部分是一般的外汇市场，银行通过电话。电传等按订价市场确定的价格进行交易。历史现状播报编辑在1992年-1993年期货市场盲目发展的过程中，多家香港外汇经纪商未经批准即到大陆开展外汇期货交易业务，并吸引了大量国内企业、个人的参与。由于国内绝大多数参与者并不了解外汇市场和外汇交易，盲目的参与导致了大面积和大量的亏损，其中包括大量国有企业。1994年8月，中国证监会等四部委联合发文，全面取缔外汇期货交易（保证金）。此后，管理部门对境内外汇保证金交易一直持否定和严厉打击态度。1993年底，中国人民银行开始允许国内银行开展面向个人的实盘外汇买卖业务。至1999年，随着股票市场的规范，买卖股票的盈利空间大幅缩小，部分投资者开始进入外汇市场，国内外汇实盘买卖逐渐成为一种新兴的投资方式，进入快速发展阶段。据中央电视台报道，外汇买卖已经成为除股票之外最大的投资市场。与国内股票市场相比，外汇市场要规范和成熟得多，外汇市场每天的交易量大约是国内股票市场交易量的1000倍，所以尽管在交易规则上不完全符合国际惯例，国内银行开办的个人实盘外汇买卖业务还是吸引了越来越多的参与者。总体来看，国内绝大多数的外汇投资者参与的是国内银行的实盘交易，而保证金交易，由于国内尚未开放，以及国家的外汇管制政策，国内投资者尚需待以时日。区别股票播报编辑很多朋友对股票交易市场比较熟悉，谈起来是津津乐道。外汇交易市场对多数人来说尚属于一个全新的领域，如果把股票市场里的一些习惯性的认识照搬到外汇市场，就会带来一些不必要的麻烦和困惑。空间不同从外汇市场的特点就可以看出来，外汇市场是一个全球性的市场，而股票市场是区域性的市场；外汇市场是无形的，股票市场是有形的。一些朋友经常会问：这个报价是那个市场的报价？这就是受了股票市场的影响。由于外汇市场是全球性的开放市场，是不存在报价是那个市场的问题的，我们所看到的价格就是这个市场最新的报价，虽然这个时段可能是东京市场比较活跃，但也可能会有纽约、伦敦、香港等其它地区的交易商在交易，所以说，报价来自于哪个市场很难确定，也没有必要知道。标准不同在股票交易市场中，不同区域性的市场都会有不同的市场规则和其自身的特点，但在同一个市场中，大家都遵循统一的标准。在外汇交易市场中，由于其全球化的特点，市场的包容度和自由度相当高，大家在一起交易，遵循公平、自愿、诚信的原则就可以了，没有什么特别的要求和规矩。成交方式不同规范的股票市场都是采用集合竞价，集中撮合的方式来完成交易的，体现了绝对的公平，因此，在同一时点上的同一只股票不可能出现不同的成交价格。外汇交易市场更像一个农贸市场，所有的买家和卖家完全是开放的，体现了绝对的自由，买家可以自由地询价，卖家可以自由地报价，双方完全是在自愿的情况下进行交易，成交价格对于双方来说是“一个愿打，一个愿挨”，这一点和股票市场是完全不一样的，外汇市场没有集合竞价和电脑集中撮合的规矩。知道了股票交易市场和外汇交易市场的这个不同，投资者就不会惊异于各银行间报价的差异了，这完全是市场行为。黄金法则播报编辑第一条：坚决执行止损要考虑明白，止损和重新入场的损失其实是一码事。止损是入市的入场券，而不肯止损却是通向出市的通行证。如果做不到止损这一点，那么奉劝你就不必到汇市里来。第二条：必须按照严格的交易法则操作在汇市中决不允许有任何个人的思维判断在其间。汇市瞬息万变，可能你的思维有上千种，但在特定时间内，正确的结果只能有一个。第三条：绝不允许有任何思考、任何判断、任何情感存在不论你所做出的思考和判断无论是正确的还是错误的，而相对来说同样是灾难，只是不同的人受伤害的程度不同罢了。道理很简单，因为你永远都不是在同市场作战，而是同一个躲藏在暗处的庄家在较量。第四条：把握大的方向，绝不逆市操作只要大的方向没有改变，决不违反这一条铁的法则。第五条：每天最多只能发布一次交易指令，不论结果正确还是错误进场之后，设定好出场点和自动跟踪止损点，然后远离电脑，决不许再回到操作平台半步。因为你操作计划里已经包括了可能的各种结果。如果错了，重新入场的结果只能是更糟糕。不要相信任何来自市场的资讯和数据！第六条：方向的判断和入场点、出场点、止损点的选择1．判断方向。2．选择入场点。3．止损。4．选择出卖点。第七条：严格资金管理不管蠃利还是亏损，入场资金永远要保持在操作账户的15%以下。牢牢记住入场资金法则并执行它，将会使你在蠃利时远离诱惑，亏损时不迷失于狂赌。如果做不到这一点，那还是老老实实在家里呆着吧，与其最后被贪婪欲望控制，迷失丧失在外汇交易市场，还不如全身而退。 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中国2月外汇储备32258.2亿美元连续第16个月增持...太突然！这国货币一夜贬值40% 发生了什么？【环球财经】鲍威尔称美联储眼下尚未做好降息准备美联储主席鲍威尔：并不急于降息降息过早、过快...比特币巨震！创新高后暴跌逾1万美元 30万人近80亿...央行系统代表委员最新发声！聚焦民生关切破解发...美联储是否降息？新信号要来了突传大消息！日本考虑宣布通缩正式结束日股为何...

【环球财经】鲍威尔称美联储眼下尚未做好降息准备美联储是否降息？新信号要来了2023年我国国际收支保持基本平衡来华投资总体保...市场持续“淡化”短期内降息预期美债收益率平坦...美联储官员接连“打击”降息预期美债收益率全线...微观基础更为坚实外汇市场韧性凸显今年央行首次降准落地 1万亿元真金白银谁将受益？华尔街最后一批大行放弃美联储3月降息预期

【环球财经】鲍威尔称美联储眼下尚未做好降息准备央行系统代表委员最新发声！聚焦民生关切破解发...美联储是否降息？新信号要来了日经创下新高后涨势难止日本央行狂赚32万亿日元2023年我国国际收支保持基本平衡来华投资总体保...市场持续“淡化”短期内降息预期美债收益率平坦...美联储官员接连“打击”降息预期美债收益率全线...微观基础更为坚实外汇市场韧性凸显

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【环球财经】鲍威尔称美联储眼下尚未做好降息准备美联储是否降息？新信号要来了突传大消息！日本考虑宣布通缩正式结束日股为何...2023年我国国际收支保持基本平衡来华投资总体保...市场持续“淡化”短期内降息预期美债收益率平坦...美联储官员接连“打击”降息预期美债收益率全线...微观基础更为坚实外汇市场韧性凸显今年央行首次降准落地 1万亿元真金白银谁将受益？

【环球财经】鲍威尔称美联储眼下尚未做好降息准备央行系统代表委员最新发声！聚焦民生关切破解发...美联储是否降息？新信号要来了突传大消息！日本考虑宣布通缩正式结束日股为何...2023年我国国际收支保持基本平衡来华投资总体保...市场持续“淡化”短期内降息预期美债收益率平坦...美联储官员接连“打击”降息预期美债收益率全线...微观基础更为坚实外汇市场韧性凸显

【环球财经】鲍威尔称美联储眼下尚未做好降息准备央行系统代表委员最新发声！聚焦民生关切破解发...美联储是否降息？新信号要来了突传大消息！日本考虑宣布通缩正式结束日股为何...日经创下新高后涨势难止日本央行狂赚32万亿日元2023年我国国际收支保持基本平衡来华投资总体保...市场持续“淡化”短期内降息预期美债收益率平坦...美联储官员接连“打击”降息预期美债收益率全线...

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