Forex

The world's most traded financial market, with an average daily value of more than $ 5 trillion

Introduction to Forex
What is foreign exchange
The forex market is the largest and most liquid financial market in the world. The average daily trading volume is as high as 4 trillion US dollars. No institution can manipulate the exchange rate between countries. The data affecting the exchange rate are issued by the national authorities. The transaction is fair and transparent. Support 24 hours, T+0, two-way trading, buy and sell also have profit opportunities.
The exchange rate refers to the price of a country's currency expressed in another country's currency, or the price between the two countries' currencies. Forex global trading is actually the exchange rate for buying and selling.
Influencing forex factors
Currency can be regarded as a commodity, and the price of a commodity is most affected by the relationship between supply and demand. Factors affecting the relationship between money supply and demand including central bank monetary policy, national economic situation, geopolitical situation, natural disasters, etc.
The price of a commodity fluctuates around the value of a commodity. The intrinsic value of a country's currency is determined by the country's credit and economic conditions, and is reflected in the country's economic data. Investors can use the economic data of various countries to judge the trend of the exchange rate.
High volume and high market transparency
Two-way trading, both ups and downs can be profitable
24-hour T+0 trading, not subject to time constraints
Ultra-low transaction cost, 0 commission, spreads drop 70%
Low entry level, high yield. Up to 500 times leverage, $2 can trade
Strict international supervision and third-party bank custody ensure the safety of funds.
Real-time deposits, quick withdrawals available
Millisecond level of transaction speed, stable and secure, transparent and reliable

Transaction instance
Forex is a two-way transaction, which can be either buying long or selling short. Generally speaking, if you think the exchange rate will go up, buy it; if you think it will fall, sell it. If the direction is judged correctly, the middle spread is earned.
The calculation is as follows: Total profit and loss = (sell price – purchase price) x contract unit x lot size ¯ overnight interest
Note: If you open & close a position on the same day, you do not need to pay the overnight interest. The actual overnight interest is subject to the platform display.
You buy 0.5 lots of EUR/USD through the MT4 platform, the contract unit is 100,000 Euros, the purchase price is 1.1710, and the position is closed at the selling price of 1.1780 on the same day.
Total profit= (sell price – purchase price) x contract unit x lot size ¯ overnight interest
=（1.1780-1.1710）x100000 x0.5¯0=350USD

Contract specification
Product margin rules, spreads, interest discount details, please check the product contract specifications

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