With more than $4 trillion in daily trading volume and the participation of millions of investors in the foreign exchange market, there is always a chance to enter and exit the market at a fairly transparent price.
The trend in the foreign exchange market is repetitive and regular. This allows market participants to increase the price expectations after effectively using the auxiliary analysis tools.
The foreign exchange market is a 24-hour continuous global market, starting from the opening of Wellington, New Zealand on Monday, until the end of the US market on Friday.
Because the foreign exchange market is constantly changing, there is always an opportunity to trade, to choose a currency to depreciate or appreciate relative to another currency. Therefore, investors can profit from multiple positions or short positions.
|Transaction code||Foreign Currency|
|Standard trading contract||100,000 currency units|
|Minimum trading unit||0.01 hand|
|Value/hand of every point||Valuation currency unit or 1000 yen|
|Trading hours (Beijing time)||
Monday 05:05 to Saturday 05:00, overnight 05:00-05:05 Closed 5 minutes (daylight saving time)
Monday 06:05 to Saturday 06:00, overnight 06:00-06:05 Closed 5 minutes (winter time)
|Buy/Do more 1 standard EUR/USD contract with a buy price of 1.13330||1 x 100,000 x 1.13330 = $113,330 (contract value is quoted in quoted (RHS) currency)|
|The account setting has a bar ratio of 200:1, that is, the initial margin requirement is 0.5% of the contract value.||US$113,330 x 0.005 = US$566.65 (initial margin) will change due to market price fluctuations|
|Close 1 standard hand EUR/USD (EURUSD) contract (sell/short), the selling price is 1.13830||(1.13830 - 1.13330) x 1 x 100,000 = $500.00 profit|