Recent Forex Articles

What is Forex
Forex is a commonly used abbreviation for "foreign exchange," and it is typically used to describe trading in the foreign exchange market by investors and speculators.
Basic Forex Concepts
Learning to trade in a new market is like learning to speak a new language. It's easier when you have a good vocabulary and understand some basic ideas.
Why Trade Forex
Online forex trading has become very popular in the past decade because it offers traders several advantages. Forex never sleeps | Go Long or short and many more.

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The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. Electronic Broking Services (EBS) and Reuters 3000 Xtra are two main interbank FX trading platforms. The foreign exchange market determines the relative values of different currencies.

The foreign exchange market is unique because of the following characteristics:

  • its huge trading volume representing the largest asset class in the world leading to high liquidity.
  • its geographical dispersion.
  • the variety of factors that affect exchange rates.
  • the low margins of relative profit compared with other markets of fixed income.
  • its continuous operation: 24 hours a day except weekends.
  • the use of leverage to enhance profit and loss margins and with respect to account size.

The foreign exchange market assists international trade and investment by enabling currency conversion. For example, it permits a business in the United States to import goods from the European Union member states, especially Eurozone members, and pay euros, even though its income is in United States dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation based on the interest rate differential between two currencies.

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