forexbonusrebate forex d cashback forexcount brokers forexrebatesbrokers refers to the participation of banks forexdiscountbrokers other financial institutions, proprietary traders, large multinational enterprises, through intermediaries or telecommunications systems linked to the trading market for the purchase and sale of various currencies it can be tangible, but also invisible 1, what is the foreign exchange market? Foreign exchange market refers to the banks and other financial institutions, proprietary traders, large multinational enterprises involved, through intermediaries or telecommunications systems linked to a variety of currencies for the object of trading market it can be tangible, such as foreign exchange, can also be invisible, such as through the telecommunications system trading interbank speculation foreign exchange according to the latest statistics from the Bank for International Settlements, the international foreign exchange market daily average transaction volume of about 1 2, who are the main participants in the foreign exchange market? The participants in the foreign exchange market mainly include central banks, commercial banks, non-bank financial institutions, brokerage firms, proprietary traders and large multinational enterprises, etc. They trade frequently, the transaction amount is huge, each transaction are in the millions of dollars, or even more than ten million dollars speculative foreign exchange participants, according to the purpose of their transactions, can be divided into two categories of foreign exchange investors and speculators 3, how the foreign exchange market is generated? In the contemporary world economy, international economic and trade exchanges is any country can not leave the along with goods, services and capital in the international flow, a variety of payment for the currency movement across national borders is inevitable international economic exchanges form the supply of foreign exchange and demand, the supply of foreign exchange and demand for foreign exchange led to speculation, and engaged in speculation in foreign exchange places, known as the foreign exchange market with the global integration of the world economy The trend of strengthening the international foreign exchange market is also increasingly closely linked together (concern: which type of stock performance will exceed imagination?) 4、What are the major global foreign exchange markets? At present, the world has about more than 30 major foreign exchange market, they are located in different countries and regions of the world continents according to the traditional geographical division, can be divided into the Asia-Pacific region, Europe, North America and other three major parts, of which, the most important are Europes London, Frankfurt, Zurich and Paris, North Americas New York and Los Angeles, the Asia-Pacific regions Sydney, Tokyo, Singapore and Hong Kong, etc. Each market has Its fixed and unique characteristics, but all markets have commonality each market is separated by distance and time, they are sensitive to each other and independent a center every day after the end of business, the orders passed to another center, sometimes for the next market opening set the tone of these foreign exchange market to its city as the center, radiation around other countries and regions because of the time zone in which different, the foreign exchange market in The opening hours of this open and close, one after another listed for business, they are connected to each other through advanced communication equipment and computer networks, the market participants can trade around the world, the smooth flow of foreign exchange funds, the market exchange rate differences are very small, the formation of a global integrated operation, all-weather operation of the unified international foreign exchange market 5, which is the largest foreign exchange market in Asia? Tokyo is Asias largest speculative foreign exchange center in the 60s before Japans strict financial controls, Japan joined the International Monetary Fund in 1964, the yen was allowed to be freely convertible, Tokyo foreign exchange market began to gradually form after the 80s, with the rapid development of the Japanese economy and the status of international trade gradually rise, Tokyo foreign exchange market is also growing up since the 90s, by Japan The impact of the collapse of the bubble economy, the Tokyo foreign exchange market transactions have been in a sluggish state Tokyo foreign exchange market transactions to the dollar against the yen Japan is a major trading country, importers and exporters of trade demand on the Tokyo foreign exchange market exchange rate fluctuations have a greater impact due to changes in the exchange rate and Japans trade situation is closely related to the Central Bank of Japan on the dollar against the yen exchange rate fluctuations are extremely concerned, frequent intervention in the foreign exchange market This is an important feature of the Tokyo foreign exchange market 6, the worlds largest foreign exchange speculation center in where? In London as the worlds oldest international financial center, the formation and development of the London foreign exchange market is also the worlds earliest as early as before the First World War, London foreign exchange market has taken shape in October 1979, the British full abolition of exchange controls, London foreign exchange market developed rapidly in the London financial city gathered about 600 banks, almost all of the international banks have branches in this In October 1979, the London foreign exchange market quickly developed in the London financial city gathered about 600 banks, almost all the international banks have branches here, greatly active in the London market transactions because of Londons unique geographical location, is located in the intersection of two time zones, connected to the Asian and North American markets, Asia close to the market when London just open, and its closing, New York is the beginning of a working day, so this period of time the production of abnormal activity, London has become the worlds largest speculative foreign exchange center, the entire foreign exchange market trends have an important impact 7, North Americas most Where is the active foreign exchange market? In New York after World War II, as the dollar becomes the worlds reserves and clearing currency, New York has become the worlds dollar clearing center New York foreign exchange market quickly developed into a completely open market, is the worlds second largest speculative foreign exchange center more than 90% of the worlds dollars received and paid through the New York interbank clearing system, so the New York foreign exchange market has other foreign exchange market can not replace the dollar At the same time, the importance of the New York foreign exchange market is also manifested in its important influence on the exchange rate trend on the New York market, the exchange rate changes in the intense procedures than the London market, the reasons are mainly the following three aspects: the United States economic situation has a pivotal influence on the world; the United States all kinds of financial markets are developed, the stock market, bond market, the exchange market interaction, interlinked; to the United States investment funds. Interlinked; to the United States investment funds mainly speculative power is very active, the exchange rate fluctuations to push the wave therefore, the New York market exchange rate changes by the global speculation foreign exchange business extra attention 8, why the bank buy price is lower than the sell price? Bank bid price refers to the bank to buy the base currency offer bank ask price refers to the bank to sell the base currency offer bid price and ask price of the difference represents the bank to bear the risk of remuneration trading frequent euro, yen, pound, Swiss franc, etc., the difference between the purchase and sale price is relatively small, and some light trading currency spread is relatively large 9, the international foreign exchange market exchange rate there are several ways to express? Generally there are two, direct marking method and indirect marking method 10, what is the direct marking? The direct markup method is also known as the price markup method is to express a certain unit of foreign currency in the national currency exchange rate method is generally 1 unit or 100 units of foreign currency can be converted into how much national currency the more valuable the national currency, the unit of foreign currency can be exchanged for the national currency is less, the smaller the exchange rate value; conversely, the less valuable the national currency, the unit of foreign currency can be exchanged for the local currency is more, the greater the exchange rate value in Under the direct pricing method, the rise and fall of the foreign exchange rate and the value of the national currency changes into a negative relationship: the currency appreciates, the exchange rate falls: the currency depreciates, the exchange rate rises Most countries take the direct pricing method most of the exchange rates on the market is also the exchange rate under the direct pricing method such as: the dollar against the yen, the dollar against the Hong Kong dollar, the dollar against the yuan, etc.