![]() ![]() ![]() ![]() Traders make money by speculating on the price of one currency against another. In any forex transaction you execute you will be simultaneously buying one currency and selling another. The basic aim of any investor trading the markets should be to buy low and sell high or sell high and buy low. Continuously operating, it is open 24 hours a day, 5 days a week with the major centres being located in New York, London and Tokyo. The forex market is also commonly referred to as the Currency Market, FX market, and Foreign currency market. Although there is no central marketplace, there is a decentralized market which allows traders to carry out transactions with different dealers. It’s a market place where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. Major currencies are allowed to float freely against one another, and the Internet has revolutionised the way in which the Foreign Exchange market operates and how traders can buy and sell currencies. The forex markets are the largest in the world in terms of volume traded, and are also the most liquid, with daily volumes exceeding $3 trillion per day. Learning is key to getting started with forex trading, and it’s a field where your education never stops.įorex trading is all about changing one country’s currency into another country’s currency, and for investors it’s also about trying to make a profit whilst doing this. ![]()
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