Monday, June 7, 2010

What is Forex?

Forex : Foreign Currency Exchange / Foreign Exchange, often referred to as FOREX or FX or Spot FX, and this is the largest financial market in the world.

Commodity exchange market FOREX is MONEY. Foreign exchange trading is the trading activities of buying some of this money and sold a number of other currencies held at the same time. Money is traded through brokers or directly by pairs, for example EUR/USD or GBP/JPY.


When you buy the Japanese Yen, you are affecting Japan's foreign exchange rates and indirectly to the Japanese economy, the value of the currency is reflecting the market's assessment of "health" in the present and future of a nation.

Unlike other financial market, FOREX is not a financial center or any transaction. The foreign exchange market is the market "Interbank", and based on electronic transactions between systems connected the bank together, and work 24 hours a day.

Everything you need when trading is a computer, Internet connection, and the information market.

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