What Is FOREX Trading Platform And How Does It Work?
What exactly is FOREX? World market has changed dramatically in recent years. The new investment strategies emphasize on risk minimization. Among the most profitable market opportunities open to traders is FOREX (Foreign Exchange Market). FOREX trading platform has a daily turnover of US$3. 2 trillion. When it comes about the largest financial market in the world, it's all about buying and selling currencies, which are traded in pairs.
This process of buying and selling currencies takes place from two reasons. Approximately 5% of the daily turnover is generated by companies that make financial transactions in foreign countries, converting the profits resulted into domestic currency. The remaining 95% represents the speculation for profit.
How does FOREX work? - Most traders focus on major currencies. In the present, over 85% of daily transactions involve trading this type of currencies including U. S. Dollar, Euro, Japanese Yen, British Pound, Canadian Dollar, Swiss Franc and Australian Dollar. Open 24 hours a day, FOREX trading begins in Sydney and moves around the globe. Investors can react immediately to currency fluctuations caused by economic, social and political events, whenever they occur.
Unlike other financial markets, FOREX doesn't have a central trading location, being an over-the-counter market. Most financial operations are conducted by telephone or through electronic trading networks.
Anyone can read a foreign exchange quote as long as he knows two basic concepts: the first currency listed represents the base currency and that the value of the base currency is always 1. US Dollar is the base currency for quotes, meaning that the other currencies must be appreciated by taking into account the value of USD.
FOREX trading platform works with two concepts- the BID and the ASK. The BID shows you the price at which base currency can be sold and the ASK represents the price at which base currency can be bought.
If you're ready to invest money, you can start using FOREX trading platform anytime. FOREX market transactions should be treated carefully, because you can loose everything. - 23196
This process of buying and selling currencies takes place from two reasons. Approximately 5% of the daily turnover is generated by companies that make financial transactions in foreign countries, converting the profits resulted into domestic currency. The remaining 95% represents the speculation for profit.
How does FOREX work? - Most traders focus on major currencies. In the present, over 85% of daily transactions involve trading this type of currencies including U. S. Dollar, Euro, Japanese Yen, British Pound, Canadian Dollar, Swiss Franc and Australian Dollar. Open 24 hours a day, FOREX trading begins in Sydney and moves around the globe. Investors can react immediately to currency fluctuations caused by economic, social and political events, whenever they occur.
Unlike other financial markets, FOREX doesn't have a central trading location, being an over-the-counter market. Most financial operations are conducted by telephone or through electronic trading networks.
Anyone can read a foreign exchange quote as long as he knows two basic concepts: the first currency listed represents the base currency and that the value of the base currency is always 1. US Dollar is the base currency for quotes, meaning that the other currencies must be appreciated by taking into account the value of USD.
FOREX trading platform works with two concepts- the BID and the ASK. The BID shows you the price at which base currency can be sold and the ASK represents the price at which base currency can be bought.
If you're ready to invest money, you can start using FOREX trading platform anytime. FOREX market transactions should be treated carefully, because you can loose everything. - 23196
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Want to find out more about forex trading platform, then visit John Eather's site on how to choose the best forex trading robot for your needs.
posted by X - Men @ 5:53 AM
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