What Forexrebateking the cashback forex cashbackinforex Forex rebate king forexrebateindonesia The wholesale foreign exchange market refers to the foreign exchange buying and selling between banks and their premises The wholesale foreign exchange market is also known as the narrow foreign exchange market, generally people say that the foreign exchange market refers to the narrow foreign exchange market The foreign exchange transactions between foreign exchange banks and their customers will inevitably lead to imbalances in foreign exchange positions as well as cash flow periods, when the buying of a foreign currency is greater than the selling, there is a "Long", when the sale of a foreign currency is greater than the purchase, there is a "short", ("long" and "short (collectively, "long" and "short" are called "open positions") Banks need to use interbank foreign exchange transactions to transfer foreign exchange positions in order to hedge the risks brought about by exchange rate fluctuations, to equalize the positions of various currencies, that is, to throw out the long positions and buy the short positions Since the implementation of the floating exchange rate system, the market exchange rate fluctuates greatly, speculative Foreign exchange trading profit opportunities, banks for speculative purposes, hedging, arbitrage, hedging central banks for macroeconomic control objectives, in the wholesale foreign exchange market for open business operations characteristics of the wholesale foreign exchange market The main feature is the scale of transactions wholesale foreign exchange market mainly take the whole number of wholesale transactions, there is a minimum transaction amount of restrictions (for example, the minimum transaction volume of European dollar trading is 1 million dollars ), the transaction volume is huge, so the transaction cost is low, the purchase and sale spread is small The wholesale foreign exchange market is the mainstream of the foreign exchange market, its transactions account for more than 90% of the total foreign exchange transactions, we generally mentioned in the news reports of the foreign exchange market usually refers to the interbank foreign exchange market