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Home / Invest / Referenced standards

Referenced standards


DDO Foreign Exchange provides an online trading platform for individuals and institutions who want to earn profits through the exchange rate between two currencies. In this way, when market news and time occur, investors hope to change the value of the currency they buy and sell in the direction they want and gain profits from it. The foreign exchange market is the world's largest market, with daily trading volume exceeding 3.2 trillion yuan (according to a survey by 52 central banks in the second quarter of April 2010), making it the most exciting trading market.
In this market, you can purchase or sell currencies with the aim of profiting from transactions, and placing orders for foreign exchange transactions is simple. The principle is almost identical to other investment transactions, so the operation of foreign exchange trading is often not very different for many investments
Example of how foreign exchange transactions operate - Example 1
Reporting of transactions in euros and dollars
When an investor buys 100000 euros, the euro/dollar exchange rate is 1.2500+100000-125000
Later, investors sold it for 100000 euros in exchange for the US dollar, with a market exchange rate of 1.2700-100000+127000
In this example, the investor made a gross profit of $2000+2000
Example of how foreign exchange transactions operate - Example 2
Reporting of transactions in euros and dollars
When investors sell 100000 euros, the euro/dollar ratio is 1.3000-100000+130000
Later, investors exchanged 100000 euros back into the US dollar, with a market exchange rate of 1.3200+100000-132000
In this example, the investor lost $2000 0-2000
Foreign exchange market trading hours
Time Zone New York Time Greenwich Mean Time
Tokyo opening 7:00 pm 0:00 pm
Tokyo closing 4:00 pm 9:00 pm
London opening 3:00 am 8:00 am
London closing 12:00 am 17:00
8:00 AM and 13:00 AM New York opening
8:00 pm and 22:00 pm New York closing