Introduction to Foreign Exchange Trading

　　foreign exchangeIt emerged with international trade,Foreign exchange transactionsIt is a tool for international settlement of creditor debtor relationships. However, in the past decade, foreign exchange trading has not only grown exponentially in quantity, but also undergone significant changes in substance. Foreign exchange trading is not only a tool for international trade, but has also become the most important financial commodity internationally. The types of foreign exchange transactions are becoming increasingly diverse with the changing nature of foreign exchange transactions.

　　外汇交易主要可分为现钞、现货、合约现货、futures、optionForward transactions, etc. Specifically, cash transactions refer to the buying and selling of foreign currency between tourists and those who need it for various purposes, including cash, foreign exchange traveler's checks, etc; Spot trading refers to transactions between large banks and between large banks acting as agents for large clients. After the purchase and sale agreement is completed, the payment and delivery of funds must be completed within two business days at the latest; Contract spot trading is a way for investors and financial companies to sign contracts to buy and sell foreign exchange, which is suitable for public investment; Futures trading is conducted at agreed upon times and at predetermined exchange rates, with a fixed amount for each contract; Option trading is a pre traded option to purchase or sell a certain currency in the future; Forward trading is the process of delivering goods on an agreed date according to the contract. The contract can be large or small, and the delivery period is also flexible.

　　从外汇交易的数量来看，由国际贸易而产生的外汇交易占整个外汇交易的比重不断减少，据统计，目前这一比重只有1％左右。那么，可以说现在外汇交易的主流是投资性的，是以在外汇汇价波动中赢利为目的的。因此，现货、合约现货以及期货交易在外汇交易中所占的比重较大。