- 1.What is the foreign exchange?
As the world's largest financial market, foreign exchange transactions average $3 trillion a day. Forex trading is when a trader buys one currency in a pair and sells the other, so it always trades in pairs. Foreign exchange quotation also fluctuates according to the relationship between market demand and supply.
- 2.How to earn money through foreign exchange transactions?
The way to make money is generally to buy low or sell high or buy low. Because Novox provides leverage, you can participate in the foreign exchange market with less money and make more profits. Investment opportunities in foreign exchange transactions come from exchange rate fluctuations, which are mainly affected by the political and economic conditions of the major developed countries such as the United States, Japan and Europe.
- 3.When does the foreign exchange open and close?
The foreign exchange market is a 24-hour non-stop market, which closes at 05:05 a.m. Beijing time until 04:55 a.m. on Saturday (daylight saving period) and at 06:05 a.m. Beijing time until 05:55 a.m. on Saturday (non-daylight saving period). Every trading period in the foreign exchange market has its own rules and characteristics 24 hours a day.