All About Forex Trading That You Should Know. Forex trading is not the same lho with forex trading (foreign exchange) or buying and selling foreign currency. Forex trading can be a shortcut to rich and can also be a shortcut to go bankrupt. Forex is an abbreviation of foreign exchange which means the exchange of currency with one another (foreign exchange). The forex market is the market or place where the currency is traded. The forex market is the largest and most liquid market in which, according to BIS (Bank of International Settlements), the average turnover per month of April 2016 is more than 5 trillion US dollars. One reason for this financial market is due to the need for foreign currencies high. Foreign currency is required to run the sale and purchase between one country with another.
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| All About Forex Trading That You Should Know |
For example you can not conduct transactions in Thailand using Rupiah currency, or otherwise Baht currency can not be used for transactions in the country of Indonesia. In addition, the forex market is the most active market; opened 24 hours a day and five and a half days a week. The forex market is not traded on the central market but is OTC (over-the-counter) electronically, whereby all transactions take place based on computer networks between brokers from around the world. The forex market is traded in all financial centers around the world, this means with different time zones. Forex market participants have diverse goals, some simply exchange currency for personal or business purposes; multinational companies as an example. There are also those who benefit from the difference between buy and sell prices, by predicting the movement of currency values. Usually market participants like this, understand and have advice relevant information that has not been anticipated market.