The first:?
When was it created?
The first place was called Bretton Woods. The first foreign exchange system was called Bretton Woods.
In 1944, 44 mostly Western delegates met in a Bretton Woods hotel to change the fate of gold and signed the Bretton Woods system – an ounce of gold =35 and a fixed exchange rate for the dollar against the currencies of other countries.
In the 1950s, the explosion, the global dollar surplus and contradiction exploded.
On August 15, 1971, the Nixon administration broke up and floating exchange rates were born, known as global contracts for difference.
In a narrow sense – foreign exchange = global currency exchange rate contracts for difference.
Second: Why do foreign exchange?
In short, foreign exchange is to earn a difference in the price of a currency.
How are conventional exchange rate contracts for difference enforced?
For example, in March 2020, 6.24 yuan was equal to 1 US dollar, which means I could directly exchange 10,000 US dollars at an institution or bank for 62,400 yuan.
By June 2021, one dollar will be equal to 6.91 yuan.
I will change my $10,000 cash into RMB at the bank.
How much profit do I get from this contract for difference?
In those 15 months, I did nothing but take good care of my $10,000, and I earned 6,700 yuan.
Profit will be 10 per cent over a 15-month financial management period.
How are modern exchange rate contracts for difference enforced?
With the advent of 21st century technology, we have another type of foreign exchange financial management, namely electronic.
The main purpose of electronic forex trading is to add two or three decimal places to the decimal point of each pair of currencies.
Third: How to conduct foreign exchange transactions?
There are only two ways to make money in foreign exchange.
First, autonomous trading.
Autonomous transactions is their course registration of foreign exchange and financial courses, learning how to operate the electronic software, read the international financial news every day, to understand the status of the national economy and real time data: 1 the situation of the national economy, 2, 3 people jobs data, 4 inflation data, 5 purchasing data, 6 alternative news, such as time and data of a trade war with China.
Analyze the trend chart and set up the live gain and stop points.
Second, managed operations.
It is to entrust your account to a professional trading team or company, and then share the profits with the company.
You can make money by doing your research and testing to determine the safety of your team, traders and platform money.
It’s a market that, once you know it, you don’t want to leave.
China is about to usher in an era of blowout development, which is good news for investors and financial practitioners!
The Fed may step on the accelerator as global central bank resolutions come thick and fast.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
