The foreign currency exchange market is popularly known as the Forex market. In this market people trade on currency, buying and selling one countrys currency that will appreciate or depreciate against other world currencies.
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.
Currencies are constantly fluctuating throughout the market as international currencies are no longer held to the gold standard. Even a small change in value of currency can create a profit or loss.
The Forex market is a virtual market. There is no meeting place for the buyers and the sellers, or a specific building, where the brokers hang out. Instead all of the trading is, literally, done online or by phone.
One Forex trading day actually lasts for six days straight. The trading day begins in Sydney then moves to Tokyo and on to Frankfurt and London with final closing of the trading day occurring in New York on Friday nights before returning to Sydney. Day or night during any week of the year, someone is always trading on the Forex market.
One Forex trading day actually lasts for six days straight. The trading day begins in Sydney then moves to Tokyo and on to Frankfurt and London with final closing of the trading day occurring in New York on Friday nights before returning to Sydney. Day or night during any week of the year, someone is always trading on the Forex market.
Due to the longer trading hours available to investors, they are able to accurately estimate on what is happening across the world in other markets. When another market reports any increase or drop, this represents the current state of the market.
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.
Currencies are constantly fluctuating throughout the market as international currencies are no longer held to the gold standard. Even a small change in value of currency can create a profit or loss.
The Forex market is a virtual market. There is no meeting place for the buyers and the sellers, or a specific building, where the brokers hang out. Instead all of the trading is, literally, done online or by phone.
One Forex trading day actually lasts for six days straight. The trading day begins in Sydney then moves to Tokyo and on to Frankfurt and London with final closing of the trading day occurring in New York on Friday nights before returning to Sydney. Day or night during any week of the year, someone is always trading on the Forex market.
One Forex trading day actually lasts for six days straight. The trading day begins in Sydney then moves to Tokyo and on to Frankfurt and London with final closing of the trading day occurring in New York on Friday nights before returning to Sydney. Day or night during any week of the year, someone is always trading on the Forex market.
Due to the longer trading hours available to investors, they are able to accurately estimate on what is happening across the world in other markets. When another market reports any increase or drop, this represents the current state of the market.
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