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A basket of currencies is a monetary unit that uses a combination of multiple foreign currencies as a reference for exchange rates, and the proportion of a certain foreign currency in the combination is based on its importance in domestic international trade.
Mature foreign exchange traders often emphasize the importance of taking advantage of the situation, but if choosing the wrong direction, appropriate strategies should be taken, such as adhering to the set stop-loss rules to avoid huge losses.
The exchange rate is the exchange rate between different currencies, and the foreign exchange rate is determined based on the gold content of different currencies. Common pricing methods include direct pricing, indirect pricing, US dollar pricing, and bidirectional pricing.
The foreign exchange three-factor control method is a foreign exchange rate fluctuation control method based on economic and financial theories that is based on three major factors: interest rate differences, economic fundamentals, and investor sentiment.