About Forex
Foreign Exchange.
Investing in Currencies
Forex is short for
Foreign Exchange
it is also
known as FX. The FOREIGN EXCHANGE (FOREX, FX) market is not a "market"
in the traditional sense. In fact, it is the nearest to "perfect
market"
from economics perspective.
There is no centralized location
for trading as
there is in futures or stocks. Trading occurs around the clock over the
telephone and on computer terminals at thousands of locations
worldwide.
In fact, Foreign Exchange is the biggest market on earth. The Forex
(currency
trading) industry has a daily turnover of 2.5 trillion dollars! (The
turnover
is 100x more than the daily turnover of the NASDAQ.)
The forex market is the most
exciting investment
in the world. It is so large, with so many currencies and participants
the outcome can not be altered or controlled by individuals, groups,
businesses,
or even governments! Central banks, private banks, international
corporations,
money managers, speculators, and private individuals - all involve in
FOREX
trading. |
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