What is Forex

What is Forex? "Forex" stands for change, it is also known as FX. In Forex trading, you buy a currency and simultaneously selling another - that is to replace the sold currency for the one you buy. The Forex market is an OTC market. Trading currency like the euro-dollar (EUR / USD) or U.S. Dollar / Japanese Yen (USD / JPY). Unlike stocks or futures, there is no centralized exchange for forex. All transactions are conducted by phone or e-networks. The daily turnover in the currencies in the world comes from two sources: * Trade (5%). Companies buy and sell products abroad, and to convert the benefits of foreign sales in local currency.
Most traders focus on the major liquid currency pairs. The greater the U.S. dollar, Japanese yen dollar dollar, euro, British pound, Swiss franc, Canadian and Australian. Sometimes, in fact, over 85% of daily forex trading in major currency pairs. With a daily average turnover of U.S. $ 3200000000000 The forex market is the most commercialized worldwide. A real market for 24 hours Sunday 17.00 Friday 17.00 and the clock and Forex trading begins in Sydney and moves around the globe as the business day begins, first to Tokyo, London and New York. Unlike other financial markets, investors can respond immediately to currency fluctuations when they occur - day or night. Ideally, spring quickly send trades, review account balances and view orders pending and current charges, anywhere in the site.
Mapping of integrated monitoring and analyzing foreign exchange markets as you want without having to open a new window. Our tools are highly customizable mapping to identify local trends and market opportunities at intervals of X, X and indicators can be stored templates You can save them for use when you connect. Now you can understand: Team News Forex Trading turned to today's fast-moving financial markets with new real-time streaming from the Select FX. Commentary on the world market, an analysis of trends and prospects of trade in the U.S., European and Asian currencies.
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