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Posted by
rajesh
at
3:41 PM
What is Forex (Foreign Exchange)?
(FOREX) Foreign Exchange is the arena where a international currency is exchanged for that of Another. The foreign exchange market is the Biggest financial market in the total world, with the equivalent of over $1.9 trillion changing hands exchanged daily; more than 3 times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange). It operates through a global network banks, corporations and individuals trading one currency for another. The lach of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in total the internatinal financial centers.
Traditionally, retail investors' only gaining access to the foreign exchange market was through banks that transfered Big amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders and call option, long-term holders and hedge funds total use the FOREX market to pay for goods and services, transact in financial assets in other markets.
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