What is Forex Trading?
Foreign exchange or foreign exchange trading is a currency trading term for another currency. This kind of transaction happens every day, especially in international business. The foreign exchange market is known as one of the world's largest global markets, including currency transactions between banks, commercial companies, governments, financial markets and many other business sectors. The global foreign exchange market trades an average of 3-4 trillion U.S. dollars a day.
What makes this market so unique?
There are many factors that make this market unique. They are: - The amount of money traded is rising every day. - The global position of the transaction is scattered. - The time when the transaction occurred (24 hours a day, except on weekends). - The number of factors that affect the currency exchange rate. - Profit margins compared to other markets.
Who are the top ten currency traders in the world?
The world's top ten foreign exchange dealers account for nearly 70% of global trading volume. These banks have such influence because they always provide buying and selling prices for the currency, thus allowing for larger trading volumes. The following banks offer the largest foreign exchange transactions:
1. Deutsche Bank ~21%.
2. Swiss bank ~16%.
3. Barclays Capital ~9%.
4. Citigroup ~ 7%.
5. Royal Bank of Scotland - 7%
6. JPMorgan Chase - 4%
7. HSBC Bank - 4%.
8. Lehman Brothers ~3%.
9. Goldman Sachs ~3%.
10. Morgan Stanley ~3%.
Information.
The Internet has become one of the most common places to look for foreign exchange market information and systems that can be used to market and create small profits for themselves. One such example is the Instant Forex System, which provides an innovative suite that reveals the secrets of the foreign exchange market and how to use them. The system does not even require any previous trading experience, only 5-10 minutes per week. The system has many benefits, and even if your startup funds are very low, you can use it. No technical skills are required.
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Orignal From: Forex - Profitable System
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