Foreign Exchange Advantages
The foreign exchange market is the largest financial market in the world. According to the Bank of International Settlements (BIS) statistics, the volume of global exchange day in 2013 has reached up to 5 trillion and 300 billion US dollars, and has shown a continuous growth trend. Compared to other financial markets, such as stocks and bonds, foreign exchange trading has a full range of advantages in the financial market. It has become one of the most active and highly profitable markets that traders can participate in by the unparalleled daily turnover and liquidity. In the field of investment.
Trading Time Trading Time Trading Time
According to the time of the main trading place of the product, the transaction time is set up. The following table can be read and the specific time of transaction is displayed and updated with the product attributes within PGWG Trader.
Our trading time may be affected by market vacation and US summer time adjustment. Please refer to our company's notice or contact our customer service team to get the latest information.
The cost calculation of financial products and the cut-off time associated with the resulting data are: 20:00GMT per day in the US daylight time, and all 21:00GMT. contracts that are operated before the deadline of the American winter season are displayed on the date of the day, and the contract for operation after that deadline is shown on the next trading day. .
* Please note: our product's closing time is not affected.
Profit and loss in the quoted currency (floating and converted profits / losses are converted to US dollars): (1) US dollar / yen (USDJPY), US dollar / Swiss Franc (USDCHF), dollar / Canadian (USDCAD) / contract value * / closing price = dollar denominated gains and losses in dollar terms: (2) euro / US dollar (EURUSD), pound / dollar (G) AUD / USD), BPUSD (AUDUSD) (price - price) * * profit contract value contracts number = dollar denominated.
* the above calculation process does not include commission fees.
Interest calculation: (1) US dollar / yen (USDJPY), US dollar / Swiss Franc (USDCHF), US dollar / Canadian (USDCAD) [(contract value * contract share * interest rate)]/360}* days = interest on the basis of dollar denomination;
Interest calculation: (2) euro / US dollar (EURUSD), pound / dollar (GBPUSD), Australian dollar / US dollar (AUDUSD) [(open price * face value * contract share * interest rate) /360]* days = interest of dollar denominated;
Fund storage fee: storage fee rate * storage days * contract number = capital maintenance fee.
* the above terms will be adjusted according to the market situation. Please see our latest notification or contact customer service to get the latest information.
Foreign exchange is considered to be the most active and mobile financial product in the world. The volume of foreign exchange transactions is estimated to exceed 4 trillion dollars per day. Spot foreign exchange is a product that is not traded through an exchange through an over-the-counter trading through a financial institution, since there is no central exchange where there is no actual exchange of goods. Foreign exchange transactions take place in major financial centers around the world, such as London, New York and Tokyo.