Trading Forex made easy

Trading Forex made easy

forex trading, also known as foreign trade and foreign exchange trading Forex, is what happens when you trade one currency for another nation. For example, if you go into a bank and exchange ten U.S. dollars for 15 Australian dollars, I have completed a simple Forex trade.

Trading Forex made easy

The forex trading market is the largest trading Forex market in the world. According to a study done in 2004, about two billion dollars are traded every day in markets worldwide.

The Trading Forex made easy market is very unique in several aspects, one of which is its international presence. Unlike the stock exchange, which is largely located in New York and has set hours, the foreign exchange market is open twenty-four hours a day. In between the United States, Europe, Asia and other markets, there is always at least one market open.

Other factors that make the Forex market unique is high liquidity in the market, a wide range of Forex traders and institutions involved, and a wide range of factors that affect prices.

In the Forex market, is asked price (the price at which currency is sold) and the bid price (the price at which currency is bought. Usually, these prices are very close together, often for one hundredth of a cent apart. Trading Forex made easy

U.S. dollar is far from being traded currency. About 89 percent of transactions involve the U.S. dollar. Other highly traded currencies include the euro, yen (Japanese), Sterling (United Kingdom), Franz (Switzerland), and Australian dollar.

The foreign exchange market includes many types of Forex traders. Largest Forex traders are banks. Actually, about fifty-three percent of foreign exchange transactions between banks. Other merchants include financial institutions, other corporations, retail exchange brokers, investment firms, hedge funds and speculators.

Trading Forex made easy

The Forex is the largest marketing and probably the most complex market in the world.