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Forex-the Market For Exchanging The Foreign Currencies
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What is Forex?
Forex stands for Foreign Exchange Market which is a global market of decentralization for the trading of currencies using to determine the relative values of different currencies. Mainly the large international banks are the participants in this market. Two main interbank Forex trading platforms are Reuters’ dealing 3000 and EBS.
It is all about Trading:
Forex assists international investment and trade by enabling currency conversion; la Bolsa of investment and trading as que es trade. As an example, it permits business in USA to import goods from the European Union states as que Es mercado, and pay Euros yet though its income is in US dollars. It supports the speculation in currency value; based on the interest rate that are different for the two currencies. In the USA and Japan trading is accounted for 17.9% and 6.2% respectively. In United Kingdom trading is accounted for 36.7% of the total, making it more important center or que Es mercado for foreign exchange trading. So if que Es trading is in the UK, then que Es trading in the best place of the world.
In a foreign exchange transaction, if the que es UN trader then you can either buy some quantity or make an inversion (investment) of one currency by paying some quantity or inversion of another currency. The modern exchange market started forming during the 1970s. For some characteristics Forex is unique- (1) its geographical dispersion (2) variety of factors affecting exchange rates (3) its enormous trading volume that represents the largest asset class in the world (4) the use of leverage enhancing profit and loosing margins with respect to account size.
Statistic of turnover:
As per as Bank of International Settlements, in daily average turnover of global Forex is approx $3.98 trillion and a growth of 20% over the $ 3.21 trillion daily in April 2007. Some special firms on Forex had put the daily turnover almost $ 4 trillion. The $ 3.98 trillion break-down is as follows- (1) $ 475 billion in outright forwards (2) $ 1.765 trillion in foreign exchange swaps (3) $ 1.490 trillion in spot transactions (4) $ 43 billion in currency swaps (5) $ 207 billion in options and other products. The increment in turnover is due to a number of factors, such as the increased trading activity of high frequency traders, the growing importance of foreign exchange as an asset class etc.
Forex education for you:
This la bolsa of trading and investment as que es trade it can make you a lot of money. Some featured lesson can help you aprender forex. (1) You need to study and learn about candlestick pattern (2) kill Forex losing streaks (3) learn spotting reversal trades. Here are some essential trading tips which can make you a professional trader- (1) learn the basic (2) increase your experience with time (3) learn to do your own analysis (4) become independent, do not remain a follower (5) always stick to your method (6) keep your trading simple (7) trade only one pair (8) trade only one time frame (9) make clean cuts. By these you can make Forex que es.
There are some other plans you should do to aprender forex. You need to create a trading plan as well as create a money management plan to become Forex que es.
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