What is Forex?

Foreign exchange, whose English name is Foreign currency, is the balance of payments balance maintained by monetary administrations (central banks, currency management agencies, foreign exchange stabilization funds, and the Ministry of Finance) in the form of bank deposits, Ministry of Finance treasury bills, long- and short-term government securities Claims available at the time.

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Foreign exchange, whose English name is Foreign currency, is the currency administration authority (central bank, currency management agency, foreign exchange stabilization fund, and the Ministry of Finance).

1. Promote international economic and trade development.

2. Residual international funding shortages.

3. It is an important part of a country's international reserves and the main means of payment for the settlement of international debts ^[1]

   Forex is a system that engages in foreign exchange transactions and foreign exchange speculation. As transactions become increasingly electronic and networked, foreign exchange quotes, inquiries, buys, sells, deliveries, and settlements are performed. So we say that foreign exchange is an invisible market and a computerless paperless market. Need to learn the basics of foreign exchange, learning to get started ^[3]

   Also known as foreign exchange control, it refers to a restrictive policy measure implemented on foreign exchange receipts and payments, trading, lending, transfers, and international settlement, foreign exchange rates and foreign exchange markets.

   Foreign exchange is the same as the stock market. There are many brokers in any active market. In the United States, they are called (ExchangeDealer). They only use commissions for the purpose of collecting exchange for clients. At the same time, through the contact of foreign exchange brokers, direct or indirect trading. Foreign exchange brokers and brokers themselves do not bear the profit and loss risk of foreign exchange transactions. The price of engaging in intermediary work is the brokerage fee or commission. Forex brokers are familiar with the analysis of foreign exchange supply and demand in the market, analysis of news and charts, and Exchange rate changes and trading procedures, so investors are willing to use.

   Foreign exchange supply and demand

   As a result of trade, importers and exporters of foreign exchange generated from the export or import of goods, as well as transportation, insurance, travel, studying abroad, foreign bonds, securities, fund trading, and interest payments.

   Foreign exchange investment

   Foreign exchange investors, in order to predict the exchange rate rise and fall, use SPOT, FORWARD or FUTUERS trading channels to engage in large foreign exchange trading with a small margin. When the market is bullish, buy first After selling, when it is bearish, it is sold first and then backed up to write off. It uses the small fluctuations to earn the middle spread and obtain thick profits, so foreign exchange investors are often the main foreign exchange supply and demanders. ^[9]