subject: Trading the Foreign Exchange Market (Forex) [print this page] Trading the Foreign Exchange Market (Forex)
Also called foreign exchange market "or" forex or fx or currency exchange market ", the currency market is as its name suggests, the market which are sold and bought currencies . The currency market is by far the biggest market in the world with over 1500 billion dollars of the transactions per day.
Contrary to stock markets that operate with centralized quotes, the currency market only offers OTC transactions. Clearly, buyers and sellers complete their transactions directly and individually by phone or through a trading platform on the internet.
There are several major financial centers that are in the London market, as New York and Tokyo for the most important. Then there are the markets in Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. The number of markets around the world that Forex operate continuously and what, Monday through Friday. The first markets open in the Sydney and is the market closes in New York.It is therefore possible to trade the 24 hours on 24.
The currency market is also a very competitive market because it is not possible for the operators to intervene in the exchange rates of currencies in order to change them. However, it is common that some governments use the announcement effects tend to modify indirectly by inducing a course with investors hopes or doubts.
The cross or currency pairs most traded currency on the market are those that involve the U.S. dollar, for example EUR / USD, cross euro / dollar. It is important to note that the ratings associated with the each cross show both the cross country course to purchase and the sale in that order.
Another feature of the currency market is the leverage . Moved by brokers (mean by that trading platforms), this leverage allows traders to increase the amount of their investment by 100, 200, 300 see 400. This leverage is therefore to enable the purchase of large lots without requiring a large capital investment. It is probably for this reason that the currency market in recent years has become very popular with investors.
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