Forex is a foreign currency trade market, and it trades on global currencies, metals, such as gold and silver, oil, as well as goods.
The first trades in this market were in 1971, after the transitions from fixed prices to the exchanges in variable rates started in the global market. It wasn’t long before Forex became one of the most important financial markets in the world. This was due primarily to the large amounts of money, estimated at about 4 trillion USD daily, and the large size of the market.
Forex is special, because it is full of features that increase its strength and importance. This makes a lot of people want to work and trade in this market. Its features are:
Forex plays a major role in determining the exchange rates of global currencies, as the exchange rate is a currency's value against another currency. In the Forex market, trading is basically done by buying a currency, thereby raising its value, or by selling a currency, which decreases its value. The exchange rate is fixed by the interaction of traders who are involved in determining the global currency exchange rate.
There are a number of main investors in the Forex market, which include:
All of these entities have important roles in the Forex market, and each of them has a reason to enter and stay in it.
Some of those reasons include:
After the tremendous development of technology, everyone can trade in the Forex market wherever they are, follow all the Forex news, and all of the updates in the market.
Trading became so easy, that it became so popular between pampered investors of Forex market
We are sorry, but we currently cannot accept clients from your country.