Forex Introduction | Online Currency Trading | FX Learn to Trade Free



Learn the basics on online currency trading Foreign Exchange Market What is Forex? The foreign exchange market also referred to as the Forex or FX market is a global, worldwide decentralized financial market for trading currencies. Forex primary function The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. Forex location Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business. What Does Over-The-Counter Market Mean? Over-the-counter (OTC) market participants trade over the telephone, facsimile or electronic network instead of a physical trading floor. Forex volume Currency Market daily volume is over 1.9 trillion 30 times larger than the combined volume of equity trades in United States. Forex market hours The Foreign Exchange Market is open 24 hours a day (except on weekends). From 5:00 pm EST on Sunday until 5:00 pm EST Friday. Forex participants Commercial banks Exchange markets Central banks Firms that conduct foreign trade transactions Investment funds Broker companies Private persons Can anyone trade forex? Today, online brokerage firms allow anyone to trade forex online from practically anywhere in the world. Forex what do I need to know? How do I start trading? Where can I learn more? What should be my next step? Go to http://www.forexbushido.com "Decisions" - Kevin MacLeod (incompetech.com) Licensed under Creative Commons "Attribution 3.0" http://creativecommons.org/licenses/by/3.0/

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