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Question: What is forex exchange market?

(Posted by: Hemdu on 2009-11-23 01:05:45)

Plse give me a maximum detail about the topic as i have to prepare a project on it. Thanx a lot

Posted by: The on 2009-11-25, 15:30:57

As a result of the revolving worldwide trading system and of different time zones, the Forex market is a 24/ 7 process. Forex is the largest market for investors and speculators where fortunes can be, and are, made every day. Over $3 trillion daily are traded. Forex stands for FOReign EXchange and it is all about electronic foreign currency exchange executed by operators from around the world. The main markets for the Forex are New York, London, Tokyo and Sydney. Codes for currency pairs. Currencies are noted by three letter codes. For example, the United States Dollar is noted by USD, the British pound by GBP, the euro by EUR and so forth. A cross is the combination of two currencies that are being traded one for the other. For example, GBPUSD indicates one British pound to the number of United States dollars. So GBP= 1.6604 means that one British pound is equal to $1.6604 United States dollars. As the rate changes, the computerized display is shown in bold to indicate a shift in rates. Cross also have 'nicknames'= the USD/ CAD is also known as the 'Loonie', USD/ CHF is the 'Swissie' and so on. Rates are displayed in five digit numbers; for example, 1.6604. Terms Ask is the rate asked by a seller. Bid is the offer from a buyer. Spread is the difference between the ask and the bid. Pip is the smallest unit in which a currency rate can change, for example, a change from 1.6766 to 1.6769 would be a three pip change (6 to 9). There are several advantages of using Forex trading for investors and speculators. The Forex market is open 24 hours a day, 7 days a week because it is an international market. If you are just getting started I would highly recommend the source below it is 100% money back Guaranteed and there are know monthly fees. I actually use the service to get extra pips the Good thing about them is it's a one time fee for a life time membership.

Posted by: Iqbal g on 2009-11-23, 01:27:41

Here i give article link for u cgmcintire.com/ 2009/ 09/ you-must-know-about-foreign-exchange.html..hopefully it could help u

Posted by: Steve on 2009-11-23, 01:34:05

It's a forum for trading currencies. Works very similarly to the stock market. Say you buy 100 U.S. dollars (USD) worth of Japanese currency (YEN). Lets say for this examples sake that 100 USD = 8902 YEN. Then the Japanese currency appreciates relative to the U.S. Dollar. Now only 8800 YEN = 100 USD. The YEN became stronger relative to the dollar. So you sell your YEN back in exchange for USD. Now you'll receive more than 100 dollars back.

Posted by: Junior on 2009-11-25, 03:31:14

The forex market, also known as the foreign exchange or the fx market, is the place where currencies are traded. It is the largest financial market in the world with an average traded value of over 4 trillion per day and includes all of the currencies in the world. Compare that to the $25 billion that is traded on the New York Stock Exchange on a daily basis and you can easily see how enormous the forex market really is. It actually equates to more than 3 times the total amount of stocks and futures markets combined. Forex is tremendous! But what exactly is traded on the forex market? The simple answer is money. It is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker and are always traded in pairs. A pair would be like the Euro and the US dollar pair (EUR/ US) or the British Pound and the Japanese Yen pair (GBP/ JPY)

Posted by: Suzane P on 2009-11-26, 22:44:21

The Forex trading strategy works and will continue to work and is the choice of some of the world's top trading systems and if you want to make big gains you should use it too. Let's take a look at it and how you could soon be making triple digit profits in around 30 minutes a day... The Forex trading method we will look at here is the choice of the savvy professional trader but very few novices choose it and I will explain why in a moment but for now let's look at the trading strategy itself. Currency prices trend and its the aim of all traders, to lock into price trends and hold them for big profits but how do you enter these trends when the risk reward is at its best? The answer is buy buying and selling breakouts to new chart highs and lows. If for example, you look at any currency which is in a bull trend, you will notice that the trend will have started I by breaking to new market highs and would have continued its trend by doing this.