FOREX TRADING

Download or read book FOREX TRADING written by PRABHU TL and published by NestFame Creations Pvt Ltd.. This book was released on with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The foreign exchange market (sometimes known as the forex market or FX market) is a marketplace for exchanging foreign currencies. Forex is the world's largest market, and the deals that take place there have an impact on everything from the cost of apparel imported from China to the cost of a margarita while on vacation in Mexico. Forex trading is, at its most basic level, analogous to the currency exchange you could perform while travelling abroad: A trader buys one currency and sells another, and the exchange rate swings frequently as supply and demand dictate. The foreign exchange market, a global marketplace open 24 hours a day, Monday through Friday, is where currencies are transacted. All forex trading is done over the counter (OTC), which means there is no physical exchange (as there is for stocks) and the market is supervised by a global network of banks and other financial organisations (instead of a central exchange, like the New York Stock Exchange).