Foreign exchange markets (FOREX TRADING)
Forex trading is considered as a very profitable way to earn money. Although its a very easy method to earn but you need to invest a huge amount in order to make some profit out of that business.
The foreign exchange market (forex, FX, or currency market) is a global decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business' income is in US dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation on the change in interest rates in two currencies.
The foreign exchange market is unique because of its huge trading volume representing the largest asset class in the world leading to high liquidity.
MARKET PARTICIPATION:
Banks - Commercial companies - Central banks - Forex fixing - Hedge funds as speculators - Investment management firms - Retail foreign exchange traders - Non-bank foreign exchange companies - Money transfer/remittance companies and bureaux de change, forex trading stations, account forex online trading, forex trading broker, and forex trading companines.
SOURCE: WIKIPEDIA
The foreign exchange market (forex, FX, or currency market) is a global decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business' income is in US dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation on the change in interest rates in two currencies.
The foreign exchange market is unique because of its huge trading volume representing the largest asset class in the world leading to high liquidity.
MARKET PARTICIPATION:
Banks - Commercial companies - Central banks - Forex fixing - Hedge funds as speculators - Investment management firms - Retail foreign exchange traders - Non-bank foreign exchange companies - Money transfer/remittance companies and bureaux de change, forex trading stations, account forex online trading, forex trading broker, and forex trading companines.
SOURCE: WIKIPEDIA
Comments
Post a Comment