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| Introduction to Foreign Exchange Market |
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The foreign exchange market is a largest market in the world. Foreign exchange is a process of buying a kind of currency and selling another at the same time, which is an exchange pair. Bargainers estimate price difference among currency organizations, benefiting or losing with exchange rate fluctuation. With common use of technical and foundation, high fluidity, profit potentiality in market rise or fall, high market tropism and 24-hour trade in 5.5 days a week, foreign exchange market has gained considerable repercussion in a short period. On-line trading makes foreign exchange become a feasible type not only for large-scale investment organizations and banks, but also for individuals around the world. The foremost foreign exchange transaction emerged in trading payment among countries. It was developed into a giant financial market, gaining profits through using exchange rates fluctuation among different currencies. Foreign exchange market is a largest financial market of the world. Its daily trade volume is approximately equal to 35 trillions USD, which is three times of that of global stock and bond market. Foreign Exchange Market London Foreign Exchange Market Participants in London Foreign Exchange Market are banks running foreign exchange business, branches of foreign banks, cambists, other financial organizations and Bank of England. In this market, the biggest trade is between GBP and USD. Therefore, investors should pay close attention to New York Foreign Exchange Market Participants in New York Foreign Exchange Market are American commercial banks, branches of foreign banks and professional foreign exchange broker's agencies. New York Foreign Exchange Market is not only American domestic foreign exchange center, but also an important international foreign exchange market. Its business hours are from 22:00 to 5:00 next day in Beijing Time. There is a superposition between the business hours of New York market and of London market, during which there is the briskest trade, the largest trade volume and the biggest price fluctuation. Tokyo Foreign Exchange Market Participants in Tokyo Foreign Exchange Market are foreign exchange banks, foreign exchange broker's agencies, non bank clients and Japanese banks. Its business hours are from 8:00 to 14: Hong Kong Foreign Exchange Market Hong Kong Foreign Exchange Market is an international foreign exchange market developed from 70s of 20th century. Participants in Hong Kong Foreign Exchange Market are major commercial banks and financial companies. In  |