The Forex is a foreign exchange market for money. This is where everyone trades on currency, buying one that they think will rise and selling another that they think will fall.
The profits that are made in the Forex market are made by the difference in the two currencies that are being traded. Currencies in the Forex market are sold in pairs of currencies that are pitted against one another.
Although the New York Stock Exchange is one of the largest in the world, Forex is even larger with more than $1.5 trillion dollars traded each day. Note that this makes the Forex market 100 million times larger than NYSE. Forex has become the absolute mother of all trading markets, yet transactions to exchange currency for travelers or business account for only five percent of its business.
More than $1.5 trillion are traded every day in the Forex market. That's more than 100 million times that of the NYSE, one of the largest in our world. Forex is really the giant among all the speculation markets. Only 5% of trades are done to change any currency for business or travel.
There is no building where buyers and sellers meet for the Forex market. There are no brokers hanging around. The Forex market is a virtual market and all of the trading takes place over the phone or online.
The Forex trading day lasts for six days straight. It begins in Sydney, moves to Tokyo and on to Frankfurt, London and then New York before going back to Sydney. It closes in New York on Friday night. During the week, at any time of the day or night, someone is trading on the Forex market.
Extended trading hours allow investors opportunities to speculate on movements of national currencies. Information regarding a country's economic growth or decline reflects in the trading in the market and yields unique opportunities. - 16732
The profits that are made in the Forex market are made by the difference in the two currencies that are being traded. Currencies in the Forex market are sold in pairs of currencies that are pitted against one another.
Although the New York Stock Exchange is one of the largest in the world, Forex is even larger with more than $1.5 trillion dollars traded each day. Note that this makes the Forex market 100 million times larger than NYSE. Forex has become the absolute mother of all trading markets, yet transactions to exchange currency for travelers or business account for only five percent of its business.
More than $1.5 trillion are traded every day in the Forex market. That's more than 100 million times that of the NYSE, one of the largest in our world. Forex is really the giant among all the speculation markets. Only 5% of trades are done to change any currency for business or travel.
There is no building where buyers and sellers meet for the Forex market. There are no brokers hanging around. The Forex market is a virtual market and all of the trading takes place over the phone or online.
The Forex trading day lasts for six days straight. It begins in Sydney, moves to Tokyo and on to Frankfurt, London and then New York before going back to Sydney. It closes in New York on Friday night. During the week, at any time of the day or night, someone is trading on the Forex market.
Extended trading hours allow investors opportunities to speculate on movements of national currencies. Information regarding a country's economic growth or decline reflects in the trading in the market and yields unique opportunities. - 16732
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