Foreign exchange market characteristics
The so-called foreign exchange transactions (“FOREX” or “FX”) refer to the exchange or sale of currencies in different countries. The conversion rate is called the exchange rate. Forex trading varieties in the form of currency pairs, such as the euro against the US dollar (EUR / USD), we buy the euro at the same time we also sell the US dollar. Forex trading has the characteristics of two-way trading (ie, long or short) and can use leverage, so foreign exchange trading is a financial derivatives transaction.
More than 60 currency pairs spreads as low as 0.8 points
5*24 hours continuous operation without stopping
Daily rich educational resources and market analysis
1+0 access to the market at any time can be two-way transaction C
Up to 400 times the red rod magnification charge usage
Major players in the market
Most forex traders focus on the hottest and most liquid currencies. The major currencies include the U.S. dollar, the Japanese yen, the euro, the British pound, the Swiss franc, the Canadian dollar, and the U.S. dollar. EncoreFx provides more than 60 currency pairs, in addition to these major currencies, it also offers a variety of currencies in emerging economies.
What is the foreign exchange market ?
The foreign exchange market is an intangible market, also known as the off-market market, because it does not have a trading center or an exchange but trades through an electronic network.
The world’s foreign exchange market is composed of the foreign exchange markets of international financial centers. The most important ones are London, New York, Paris, Tokyo, Switzerland, Singapore, Hong Kong, etc
They have their own characteristics and are located in different countries and regions, and they are mutually Contact has formed a global unified foreign exchange market and is also the world’s largest financial market.