Forex: the varieties in trading

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Forex is basically an OTC market where dealers and brokers negotiate directly and at the same time it should be noted that there is no clearing house or central exchange resent to monitor the activity. The biggest share in trading activity is held by London which as per the last report released contributes to about 37% of the total turnover of the market.

It is because of this dominance only that the quoted price of a particular currency is basically the price of the London market. This is the reason why London is given so much importance when it comes to currency trading.

 

Date: January 13th, 2012 | Comments: Comments Off

Category: Forex Market

Uniqueness of Forex

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There are numerous ways in which forex is unique and one of its kind. First being its high liquidity. The volume of trade via forex is mammoth and growing day by day. The second reason for its uniqueness is the dispersion on the geographical basis. It is spread all across the globe.

Another reason for its quick growth is its continuous service. You can get the services of forex 24 hours each day except weekends. The numerous factors that affect exchange rates are also a very basic reason for the growth of forex. One of the most important reason being the marginal profit that it earns as compared to the other markets of fixed income.

Date: December 1st, 2011 | Comments: Comments Off

Category: Forex Market

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Forex: The detailed structure

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Forex or foreign exchange market basically involves trading in either forward market or spot market. Forex in forward market involves trades where deals are fixed for a future period of time and spot market actually involves spot deals and defined at the backed by an exchange which defines the rules of trade.

Currencies which are used for the deals are many and range from USD, AUD, EUR, GBP and JPY. These currencies make up together to form 85% of the total transactions of the total market. Apart from these currencies, there are some minor currencies also. They make up a small portion of the same transactions.

 

Date: October 13th, 2011 | Comments: No Comments »

Category: Forex Market

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Never Gamble in Forex Market

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There is nothing denying the fact that forex market is a place from where a poor man can become a billionaire in no time at all. All you need is the support of your luck and cleverness. However, you should never deal with the currencies with an intension of gambling. In fact, you should invest only that amount of money, the loss of which you can easily bear. Otherwise, your entire capital can be at risk. Thus, you should always play safe and work according to your plans rather than going for blind faiths. If followed the proper way, you can certainly make it big with the forex market.

Date: August 27th, 2011 | Comments: Comments Off

Category: Forex Market

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