What is Forex?
The word "forex" means short, the foreign exchange market or the global stock of foreign money, which would fit the word "FOReign EXchange market" in English. And is speculative by buying and selling major currencies which have the core portion of operations in the forex market is the U.S. dollar (USD) (base currency) and the euro (EUR) and pound sterling (GBP) and Swiss franc (CHF) and Japanese Yen (JPY).
And are buying and selling those currencies in U.S. dollars or other currencies among themselves, which defines the currency pairs, and so against the U.S. dollar or any currency against another currency value. And is a profitable speculation in the currency trade in stock exchanges, and also the most risky, because of the rapid fluctuations of the currencies of the upward trend to trend downward, or vice versa. In addition to the currency market there are other types of stock exchanges are: gold, silver, Petroleum Exchange, shares and bonds, agricultural crops and energy. Currency exchanges are characterized by various indicators and technical analysis, news analysis and rapid access to the profits.
And I have a bond market and sell the future (Future - FUTURE) and lack of a fundamental difference compared to the forex market: they stop working at the end of the day and resume work with the next morning. Naturally, if you are trading in the markets of Germany, for example, and there in America events with significant impact on the market, you may find the market at the beginning of his work is significantly different than expected.
The forex market is not a market in the literal sense of the word, as it has no center and has no place to exercise a certain trade. The trading practiced by calling teleconference and Internet computer at a time, one of hundreds of banks around the world. Alumblyonat hundreds of dollars are sold and purchased every few seconds, and this is what is called trade in currencies.
Forex Market combines four regional markets: Australian and Asian and European and American. And continue trading operations in which all working days, and the market operates around the clock, or 24 hours a day. And notes the relative calm from 20:00 until 01:00 GMT, and is attributed to the closure of the New York Stock Exchange eighth in the evening and start work on the Tokyo Stock Exchange at one o'clock in the morning.
The currency market is not about working hours because the stock traded between banks located around the world. And the prices of large multi-currency changes, which helps to do some business operations during a single day. Known to have a significant effect declines on financial markets, which could lead to the collapse of the stock or bonds. The forex market decline in the dollar (for example) means the price rise of other currency and there is no collapse of the downturn, such as stocks or bonds.
Established Forex market (FOREX) for the financial transactions between banks in 1971 when she turned transactions in world trade to use the fixed values of the currencies of the values of the floatation. This would be the result of group financial transactions carried out by agents of the financial markets to convert a certain amount of money in the currency of one country to another country's currency value of a pre-agreed for a specific date. And determines the currency exchange rate designated for another currency simply: supply and demand for conversion approved by the parties.
Volume of transactions in the capital market in the world steady growth. This is linked with the great development of world trade and lift the ban on currency in many countries. That 80% of all transactions is a speculation in the currency market objective of profiting from differences in currency rates. And attract these speculations by many participants, both financial organizations or individual investors.
As a result of the evolution of massive communications technology in the last two decades, this has changed the market itself to a large degree. That the profession currency trader, which was surrounded by a halo of secrecy became a mass approx. That trade in currencies, which until recently was limited to the big corporate banks is accessible to all as a result of electronic commerce. Even the largest banks in favor of electronic trading as well as to personal transactions between the parties.
The daily volume of currency trading in the forex market up to 3 trillion dollars. And for the sake of comparison, the volume of activities of the New York Stock Exchange does not exceed 300 billion dollars per day, it was necessary to half a year to New York Stock Exchange to reach the volume of the currency market.
A significant feature of the currency market is the property of the balance, even though this seems strange. Everyone knows that the fundamental characteristic of the financial market is the sudden decline. However, the Forex market is different from the stock market in that it does not fall. When you lose stock value of this collapse. But if the dollar falls, for example, that just means that other currency has become stronger - an example of the Japanese yen, which is now in a few months of 1998 the strongest quarter for almost the dollar. This decline of the dollar has arrived for some days in that period of tens of per cent. Although this did not happen the collapse of the market and transactions continued as usual. In this limited stability of the currency market and the associated work. Currency is a commodity full liquidity can be purchased or sold at all times.
Currency market works all the time from non-stop is not linked to hours of work assigned to the Stock Exchange, the transactions between banks are located in different parts of the globe. That changes in currency rates are significantly and several times be sufficient to carry out several operations in each day. If you have a proven trading technology and secure you can make it work area do not compare the effectiveness of its effectiveness any other field. Therefore, we find the major banks acquire the most expensive equipment and used dozens of specialist trading in the various sections of the currency market.
That Mouncerfat to engage in this work is not great. The fact that the business needs in this area of study and acquisition of initial computer purchase information service and does not exceed the value of insurance all together a few thousand dollars and this amount can not invest seriously in any other area. With a huge supply of services in this field is easy to find an experienced agent in the currency market. What remains after that depends on the shops. Conclude from this that the success in this area depends on you personally more than any other work.
The main thing for success in this market is not the amount of money enters the market as far as the Permanent Hoturkiz at market study, and understanding Mikhanykyate and wishes of the participants. This results in the continuous improvement of the way you work and the organization of your trading. This did not happen to successful people in the currency market depended on the capital only.
Currency regime has made the world a long way in a thousand years of human history, but the changes that occur in today's most interesting and did not notify the minds of one before. There are two basic alter define the new shape of the global system of currencies:
* The Monetary separated completely break now for any carrier material;
* Technology has enabled communication and information exchange powerful collection of financial systems of different countries in the global financial system one.
The word "forex" means short, the foreign exchange market or the global stock of foreign money, which would fit the word "FOReign EXchange market" in English. And is speculative by buying and selling major currencies which have the core portion of operations in the forex market is the U.S. dollar (USD) (base currency) and the euro (EUR) and pound sterling (GBP) and Swiss franc (CHF) and Japanese Yen (JPY).
And are buying and selling those currencies in U.S. dollars or other currencies among themselves, which defines the currency pairs, and so against the U.S. dollar or any currency against another currency value. And is a profitable speculation in the currency trade in stock exchanges, and also the most risky, because of the rapid fluctuations of the currencies of the upward trend to trend downward, or vice versa. In addition to the currency market there are other types of stock exchanges are: gold, silver, Petroleum Exchange, shares and bonds, agricultural crops and energy. Currency exchanges are characterized by various indicators and technical analysis, news analysis and rapid access to the profits.
And I have a bond market and sell the future (Future - FUTURE) and lack of a fundamental difference compared to the forex market: they stop working at the end of the day and resume work with the next morning. Naturally, if you are trading in the markets of Germany, for example, and there in America events with significant impact on the market, you may find the market at the beginning of his work is significantly different than expected.
The forex market is not a market in the literal sense of the word, as it has no center and has no place to exercise a certain trade. The trading practiced by calling teleconference and Internet computer at a time, one of hundreds of banks around the world. Alumblyonat hundreds of dollars are sold and purchased every few seconds, and this is what is called trade in currencies.
Forex Market combines four regional markets: Australian and Asian and European and American. And continue trading operations in which all working days, and the market operates around the clock, or 24 hours a day. And notes the relative calm from 20:00 until 01:00 GMT, and is attributed to the closure of the New York Stock Exchange eighth in the evening and start work on the Tokyo Stock Exchange at one o'clock in the morning.
The currency market is not about working hours because the stock traded between banks located around the world. And the prices of large multi-currency changes, which helps to do some business operations during a single day. Known to have a significant effect declines on financial markets, which could lead to the collapse of the stock or bonds. The forex market decline in the dollar (for example) means the price rise of other currency and there is no collapse of the downturn, such as stocks or bonds.
Established Forex market (FOREX) for the financial transactions between banks in 1971 when she turned transactions in world trade to use the fixed values of the currencies of the values of the floatation. This would be the result of group financial transactions carried out by agents of the financial markets to convert a certain amount of money in the currency of one country to another country's currency value of a pre-agreed for a specific date. And determines the currency exchange rate designated for another currency simply: supply and demand for conversion approved by the parties.
Volume of transactions in the capital market in the world steady growth. This is linked with the great development of world trade and lift the ban on currency in many countries. That 80% of all transactions is a speculation in the currency market objective of profiting from differences in currency rates. And attract these speculations by many participants, both financial organizations or individual investors.
As a result of the evolution of massive communications technology in the last two decades, this has changed the market itself to a large degree. That the profession currency trader, which was surrounded by a halo of secrecy became a mass approx. That trade in currencies, which until recently was limited to the big corporate banks is accessible to all as a result of electronic commerce. Even the largest banks in favor of electronic trading as well as to personal transactions between the parties.
The daily volume of currency trading in the forex market up to 3 trillion dollars. And for the sake of comparison, the volume of activities of the New York Stock Exchange does not exceed 300 billion dollars per day, it was necessary to half a year to New York Stock Exchange to reach the volume of the currency market.
A significant feature of the currency market is the property of the balance, even though this seems strange. Everyone knows that the fundamental characteristic of the financial market is the sudden decline. However, the Forex market is different from the stock market in that it does not fall. When you lose stock value of this collapse. But if the dollar falls, for example, that just means that other currency has become stronger - an example of the Japanese yen, which is now in a few months of 1998 the strongest quarter for almost the dollar. This decline of the dollar has arrived for some days in that period of tens of per cent. Although this did not happen the collapse of the market and transactions continued as usual. In this limited stability of the currency market and the associated work. Currency is a commodity full liquidity can be purchased or sold at all times.
Currency market works all the time from non-stop is not linked to hours of work assigned to the Stock Exchange, the transactions between banks are located in different parts of the globe. That changes in currency rates are significantly and several times be sufficient to carry out several operations in each day. If you have a proven trading technology and secure you can make it work area do not compare the effectiveness of its effectiveness any other field. Therefore, we find the major banks acquire the most expensive equipment and used dozens of specialist trading in the various sections of the currency market.
That Mouncerfat to engage in this work is not great. The fact that the business needs in this area of study and acquisition of initial computer purchase information service and does not exceed the value of insurance all together a few thousand dollars and this amount can not invest seriously in any other area. With a huge supply of services in this field is easy to find an experienced agent in the currency market. What remains after that depends on the shops. Conclude from this that the success in this area depends on you personally more than any other work.
The main thing for success in this market is not the amount of money enters the market as far as the Permanent Hoturkiz at market study, and understanding Mikhanykyate and wishes of the participants. This results in the continuous improvement of the way you work and the organization of your trading. This did not happen to successful people in the currency market depended on the capital only.
Currency regime has made the world a long way in a thousand years of human history, but the changes that occur in today's most interesting and did not notify the minds of one before. There are two basic alter define the new shape of the global system of currencies:
* The Monetary separated completely break now for any carrier material;
* Technology has enabled communication and information exchange powerful collection of financial systems of different countries in the global financial system one.
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