?What is Forex
The term "Forex" or the foreign exchange market to trade foreign exchange market, and symbolized by the letters FX. Forex trading is reflected in the purchase of currency and selling another currency at the same time.
Currencies are traded in the form of pairs of currencies such as the euro against the US dollar (EUR / USD) or US Dollar / Japanese Yen (USD / JPY), where used Forex Trading to speculate on the relative strength of one currency against another currency. Business operations of the foreign exchange market and OTC framework means that it is not a central market, where there is not a specific trading centers.
Who is forex trading, and why?
Based daily global currency trading volume on two factors:
Foreign Trade (5%). Companies that buy and sell goods in foreign countries, and shift profits from foreign sales to the local currency.
Speculation for profit (95%).
Most traders focus on the largest currency pairs and Aloktherha liquidity. Include "major currencies" the US dollar, Japanese yen, euro, British pound, Swiss franc, Canadian dollar and Australian dollar. Are dealt with 85% of forex transactions pairs
major currencies.
The most actively traded in the world market
With a daily circulation of up to US $ 3.2 trillion, the Forex is the most traded market in the world.
The market is open 24 hours a day, starting at 17:00 on Sunday to 17:00 on Friday New York time. Forex trading begins in Sydney, and moves around the world Bbtdae working day, from Tokyo, then London and New York.
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