“How To” Start Trading The
Forex Market?
banking
service chronicle What Is FOREX or FOREX MARKET? PART I The Foreign Exchange market (also referred to as the Forex or FX
market) is the largest financial market in the world, with over $1.5 trillion
changing hands every day. That is larger than all US equity and Treasury
markets combined! Unlike other financial markets that operate at a centralized
location (i.e. stock exchange), the worldwide banking
service chronicle monthly magazine Forex market has no central location. It
is a global electronic network of banks, financial institutions and individual
traders, all involved in the buying and selling of national currencies. Another
major feature of the Forex market is that it operates 24 hours a day,
corresponding to the opening and closing of financial centers in countries all
across the world, starting each day in Sydney, then Tokyo, London and New York.
At any time, in any location, there are buyers and sellers, making the Forex
market the most liquid market in the world. banking
service chronicle monthly magazine subscription Traditionally, access to
the Forex market has been made available only to banks and other large
financial institutions. With advances in technology over the years, however,
the Forex market is now available to everybody, from banks to money managers to
individual traders trading retail accounts. The time to get involved in this
exciting, global market has never been better than now. Open an account and
become an active player in the largest market on the planet. The Forex Market is very different than
trading currencies on the futures market, and a lot easier, than trading stocks
or commodities. Whether you are aware of
it or not, you already play a role in the Forex market. banking
service chronicle monthly magazine online The simple fact
that you have money in your pocket makes you an investor in currency,
particularly in the US Dollar. By holding US Dollars, you have elected not to
hold the currencies of other nations. Your purchases of stocks, bonds or other
investments, along with money deposited in your bank account, represent
investments that rely heavily on the integrity of the value of their denominated
currency ¨the US Dollar. Due to the changing value of the US Dollar and the
resulting fluctuations in exchange rates, your investments may change in value,
affecting your overall financial status. With this in mind, it should be no
surprise that many investors have taken advantage of the fluctuation in
Exchange Rates, using the volatility of the Foreign Exchange market as a way to
increase their capital. banking
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