The foreign exchange market is a place where the currency of one country is exchanged with the currency of another country. The foreign exchange trading market is the largest financial market in the world, with a daily turnover of more than $ 654.38+0.9 trillion, which is more than three times that of the US stock and bond markets combined. Unlike other financial markets, the foreign exchange market has no specific location and no central exchange. On the contrary, it conducts currency transactions through electronic networks among banks, enterprises and individuals, operating 24 hours a day and covering all areas of major financial centers. At present, the major foreign exchange trading centers in the world include London, new york, Tokyo and Sydney. Whenever banks and financial institutions in these centers open their markets, the volume of foreign exchange transactions will increase accordingly. The "European market", "North American market", "Asian market", "Australian market" and "K" mentioned by investors are all contract units of foreign exchange transactions. The turnover of 1 lot and 1K lot is different, and 1K lot is 6500 lots. 1 Mini hand is one tenth of 1 standard hand, and 1 hand is standard hand. The contract amount is USD 654.38 million, which is 0/00 times of1k. Their relationship is like 1 gold 1 beam and 1 money.