One article Quickly understand the foreign exchange market
What is a forex and how does it work?Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. Example: Take a trip to the U.S.Before departure: RMB/U.S. dollar exchange rate: 1:6.2; 6,200 yuan = 1,000 U.S. dollarsWhen returning (1):RMB/USD exchange rate: 1:7.21000 USD = 7200 yuanMade 1,000 yuanWhen…
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