Forex Exchange or ForexTrading, forex or just FX are all terms used to describe the trading of the World’s major currencies. The Forex market is the largest market in the World, with trades amounting to more than US$1.5 trillion every day. This is more than one hundred times the daily stock trading of the New York Stock Exchange (NYSE).
Unlike trading on the stock market, the forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an Over the Counter (OTC) market. Forex Trading takes place directly between two counterparts’ Countries. The main Forex Trading Centres are New York, USA, London, Frankfurt, Sydney and Tokyo. This worldwide network of Forex Trading Centres means that the Forex market is a 24-hour market.
Saturday, August 25, 2007
Forex Trading
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