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.
There is no building where buyers and sellers meet for the Forex market. There are no brokers hanging around. The Forex market is a virtual market and all of the trading takes place over the phone or online.
The Forex trading day lasts for six days straight. It begins in Sydney, moves to Tokyo and on to Frankfurt, London and then New York before going back to Sydney. It closes in New York on Friday night. During the week, at any time of the day or night, someone is trading on the Forex market.
Long trading hours give investors plenty of time in which to speculate on what is going on in different currencies in other nations. When a country announces any economic growth or decline, this reflects in the trading in 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.
There is no building where buyers and sellers meet for the Forex market. There are no brokers hanging around. The Forex market is a virtual market and all of the trading takes place over the phone or online.
The Forex trading day lasts for six days straight. It begins in Sydney, moves to Tokyo and on to Frankfurt, London and then New York before going back to Sydney. It closes in New York on Friday night. During the week, at any time of the day or night, someone is trading on the Forex market.
Long trading hours give investors plenty of time in which to speculate on what is going on in different currencies in other nations. When a country announces any economic growth or decline, this reflects in the trading in the market.
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