Basic Information on Forex Trading

Forex Special :-
The Forex market (Foreign Exchange Market) has by far the most money changing hands every day than any other trading in finance. It out-performs the New York Stock Exchange by over one hundred times which is contrary to most peoples' information on Forex trading and is a truly astonishing statistic. An amazing one and a half trillion US Dollars is traded daily which makes it the zenith of financial trading.

The Forex market is a world wide market with the main centres being in New York, Tokyo, London, Frankfurt and Sydney. Because the Forex market is traded all around the globe, it is able to operate almost twenty four hours per day.

Trades are made between individual participants and not through a central exchange. This is known as an "interbank" market as trades are administered over the counter (OTC).

Basic information on Forex trading market is the buying and selling of one countries currency against another countries currency. Money is made and lost when the currencies, for example, (GBP) Pounds Sterling and (USD) United States Dollars, are bought at the current exchange rate, and sold back either when the market has performed in your favour and made you money or gone against you and you have lost money.

There are many different markets and information on Forex trading but the most important market is the "spot market". It is called that because the trades are performed then and there, on the spot. Other important markets are futures trading, trading on margin and forward outrights, and they are more involved in their execution.

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