Forex trading is also called foreign exchange trading or foreign exchange trading. What happens when you exchange a country's currency for another country? For example, if I go to a bank to exchange $15 for $10, I have completed a simple foreign exchange transaction.
The foreign exchange market is the largest trading market in the world. According to a study conducted in 2004, the daily volume of transactions in the global market is approximately US$2 trillion.
The foreign exchange market is very unique in several aspects, one of which is its international business. Unlike stock exchanges that are mainly based in New York and have hours, the foreign exchange market is open 24 hours a day. At least one market is open between the United States, Europe, Asia and other markets.
Other factors that make the foreign exchange market unique are the high liquidity of the market, the variety of traders and institutions involved, and the various factors that affect prices.
In the foreign exchange market, there is the selling price (the price of the selling currency) and the buying price (usually the accepted price of the currency, these prices are very close, about one hundredth of a
dollars is so far The most traded currency, about 80% of transactions involve the U.S. dollar, other high trading currencies include the euro, yen, yen, pound, Swiss) and the Australian dollar
The foreign exchange market includes many types of traders, the largest of which The trader is a bank. Actually, about 53% of foreign exchange transactions are between two banks. Other traders include non-bank financial institutions, other companies, retail exchange brokers, investment companies, hedge funds and speculators. 19659002]Forex marketing is the largest and most complex market in the world
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Orignal From: Foreign Exchange Trading
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