All about forex for beginners - What is Forex in india
Market Forex (FX) - the interbank currency market, which was formed in 1971, when international trade shifted from fixed exchange rates to floating ones. Thus the rate of one currency relative to another is determined by the most obvious way - sharing the same ratio between them, on which both parties agree.
The market volume surpasses all others. For example, the daily volume of global securities market is approximately $ 300 billion, while Forex market is estimated at 3.1 trillion dollars a day.
However, Forex is not a "market" in the traditional sense of the word. He does not have a specific place of trade, such as stocks or currency futures . Forex market trading is by telephone and through computer terminals simultaneously in thousands of banks around the world.
In addition, futures and stock markets have one significant difference and, simultaneously, limiting - Trading was suspended at the end of the day, and again only the next morning. However, if you are trading on the Russian market, and some significant market events have occurred in the U.S., the morning opening of the market may be quite different from how you expected.
The Forex market operates 24 hours a day , and exchange throughout the week goes on. Almost every time zone (London, New York, Tokyo, Hong Kong, Sydney, etc.) has dealers willing to quote currencies.
Want to know more? Learn the basic concepts of forex trading, which will be especially useful to beginners.
Want to try? Open a free demo account .
They believed in their power? Open a trading account and earn money on currency movements.
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