Foreign exchange transaction is the exchange of one country's currency with another. Different from other financial markets, the foreign exchange market has no specific place or central exchange, but trades through electronic networks among banks, enterprises and individuals. Generally speaking, in foreign exchange transactions, suppose you say you want to buy "Japanese yen", but you actually buy "stocks" in the Japanese economy. You are optimistic about the future trend of Japan's economy, which is on the rise as you expected. At this time, you will sell the "stock" you bought and finally get a profit.
The foreign exchange market is the largest financial market in the world, and its trading volume exceeds all other markets. The foreign exchange market is 12 times larger than the futures market and 27 times larger than the stock market.
Although foreign exchange trading has become a financial choice for many investors, the foreign exchange market is mixed, and more basic foreign exchange is fatal. Before investing, remember to check the compliance of the platform and strengthen the awareness of prevention so as not to fall into the "trap" of fancy decoration.