Forex - foreign exchange The foreign exchange market, sometimes called foreign exchange market and the world known as FOREX (Foreign Exchange Market) is the second largest market in terms of trading volume, behind the interest rate market and away from the award .
Every day, more than 2000 billion dollars that are exchanged. Indirectly, almost everyone plays a role in the forex market. Simply buy or sell a product abroad. A product purchased in the United States by a French will be settled in dollars, then charged to his account by his bank in Euros. The bank has bought dollars and sold euros. This has made changes to a fixed rate on the foreign exchange market, known as FOREX. The fact that the French bank wants to buy dollars and sell the euro appreciates the value of the dollar. The dollar is requested. Thus, the FOREX market, the exchange rate against USD EUR increase. There is a demand on the dollar, and a desire to get rid of the euro ...
In practice, the previous operation will not twist the FOREX. But the principle in the foreign exchange market is exactly the same with huge sums. Especially, unlike the exchange rate displayed in banks, Forex, USD / EUR 18,000 times per day vary.
In this variant, the ongoing speculation born. For example, we can buy a dollar at a rate of t. And later resell them at a different rate. If the dollar rose, so we made a profit by simply converting one currency into another, then convert the rest in the first currency.These conversions happening in the currency market or foreign exchange market called Forex.
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Posted on January 27, 2010.
