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Foreign Exchange Market (Forex)

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Objective   10/31/2017

Forex reference.

Forex  10/31/2017

from Wikipedia
FOREX EXPLAINED - Your Complete Forex Guide

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.[1]

The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: 1 USD is worth X CAD, or CHF, or JPY, etc..

The foreign exchange market works through financial institutions, and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the "interbank market" (although a few insurance companies and other kinds of financial firms are involved). Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions.

The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies and the carry trade speculation, based on the differential interest rate between two currencies.[2]

In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.

The modern foreign exchange market began forming during the 1970s. This followed three decades of government restrictions on foreign exchange transactions under the Bretton Woods system of monetary management, which set out the rules for commercial and financial relations among the world's major industrial states after World War II. Countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed per the Bretton Woods system.


Babypips.com  10/31/2017

Babypips.com

How to Trade Forex

The School of Pipsology is the most popular forex trading course on planet Earth. Maybe even on Mars. Our online course is made for beginners to help them learn how to trade the currency markets. Did we mention it’s totally free?

Trading Quizzes

Want to challenge yourself with some fun trading quizzes? Test your knowledge on a variety of market-related topics and learn some new facts along the way! Your brain will love these quizzes as much as your face loves selfies.

Forex Glossary

Forexpedia is the original online forex glossary made specifically for forex traders. Enhancing your trading vocabulary is crucial if you want to able to follow the financial markets. Not only can you use it as a reference, but it’ll help you sound really smart at parties.

DailyFX.com  10/31/2017

DailyFX.com

DailyFX.com, the free news and research website from IG, is one of the world's leading news sources for the currency trading community.

DailyFX analysts report every day on the latest changes in the currency market, providing timely technical analysis and a close examination of promising chart formations with live currency quotes. DailyFX.com also provides analysis of market moves, explaining economic, political, and technical factors driving the market.

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This page was last updated October 31st, 2017 by kim

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