Forex Market – the international currency market. The name comes from foreign exchange transactions in English Abbreviations: Foreign Exchange. As one of the youngest of the financial markets – forex trading there are only 70 of the last century’s. However, the Forex market is the largest and dynamically developing markets in particular. Daily Forex trading turnover of 4 trillion dollars, 30 times larger than all U.S. stock markets volume.
As in other markets, forex trade in certain goods. Foreign Exchange Market – the various national currencies. The main foreign exchange rate movements is a factor in the whole world by public bodies and commercial companies need to convert the sale of goods and services abroad to gain their national currency.This represents about 5% of the total volume of foreign exchange market turnover. Other 95% – speculative traders seeking to profit from exchange rate movements, the capital.
Stability – an important feature of the Forex market. The main danger to any of the Foreign Exchange market, is its sudden collapse, stock index fall. However, unlike the stock market, forex nekrenta. If the share of its value – it is a failure. And if the dollar fell, it means that other currency has, for example, the yen, which in a few months of the end of 1998 went up by 25% against the dollar. Separate days, the dollar loss has been measured in tens of percent. But the dollar or other currencies fall could be the reasons for the collapse of currency markets, and trading continued normally. This is the market and the stability of the linked business: currency is the most liquid and most reliable marketing tool.
Interesting speculators – the most prevalent (liquid) currencies, ie”Basic.” Today, more than 85% of all transactions dealing with the main currency, which include the U.S. Dollar (USD) Japanese Yen (JPY), Euro (EUR) British Pound (GBP) Swiss Franc (CHF), Canada (CAD) and Australian Dollar (AUD).
Importance of access to foreign currency treidingu phase of the exchange-rate understanding of notation. This is a very simple task, allowing for the fact that all the major currency pairs are marking vienatipis: either mark “/” side characters are written, the price of one another in expressing the rate of currency pairs: EUR / USD (euro exchange rate against the U.S. dollar ), GBP / USD (British pound exchange rate against the U.S. dollar), USD / JPY (U.S. dollar against Japanese yen), etc. Backslashes (“/”) symbols indicate the currency pairs are usually omitted and the currency bearing the EURUSD, GBPUSD, USDJPY.
Exchange Market Operations essence quite clear: profits from one valiuos rate movements against the other: the whole currency market currency pairs consist of a whole course, each of which displays one of the national currency relative price compared to others. For example, when we say that the euro brings a one dollar and 34 cents, which means that the EUR / USD equals 1.3400.
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I am a Forex Trader.I love currency trading.