Number of messages : 6 Points : 1561 Date of Entry : 2019-06-23 Residence Country : USA
The basic and the most visible function of foreign exchange market is the transfer of funds (foreign currency) from one country to another for the settlement of payments. It basically includes the conversion of one currency to another, wherein the role of FOREX is to transfer the purchasing power from one country to another. And traders make profit in the price gap created by simply and demand of a currency.
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines the foreign exchange rate.
The exchange of one currency for another, or the conversion of one currency into another currency.Foreign exchange also refers to the global market where currencies are traded virtually around-the-clock. The term foreign exchange is usually abbreviated as "forex" and occasionally as "FX."
In Fx trading by and large traders think only good trading knowledge can brings success very rapidly , but practically despite of good trading knowledge that’s not possible at all to lead a comfortable trading life if you don’t know how to manage your time.
Number of messages : 24 Points : 2230 Date of Entry : 2017-09-07 Residence Country : Slovenian
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines the foreign exchange rate. You can make money by doing online forex trading. But for that you need proper knowledge and a good forex broker.
Number of messages : 30 Points : 2461 Date of Entry : 2017-02-13 Year : 28
Foreign exchange is the exchanges of one currency for another or the conversion of one currency into another currency. It is the most liquid financial and largest market in the world. Exchange of currencies is the primary reason why it’s very popular.
Number of messages : 39 Points : 2490 Date of Entry : 2017-01-22 Year : 35
Foreign Exchange market consists of two tiers, the interbank or wholesale market. and the client or retail market. And in this market foreign exchange dealers are banks, and a few nonbank operate in both the interbank and client markets. They profit from buying foreign exchange at a bid price and reselling it at a slightly higher ask price. Worldwide competitions among dealers narrows the spread between bid and ask.