8. 4. · The term ‘Forex’ stands for Foreign Exchange. Forex trading in simple terms is the trading in currencies from different countries against each other; for Estimated Reading Time: 8 mins · The foreign exchange market (dubbed forex or FX) is the market for exchanging foreign currencies. Forex is the largest market in the world, and the trades that happen in it affect everything from Estimated Reading Time: 8 mins 2 days ago · The forex market is made up of currencies from all over the world, which can make exchange rate predictions difficult as there are many factors that could contribute to price movements
Forex Trading: Definition, How It Works, Effect on Dollar
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Base Metals Copper Zinc Lead Nickel Aluminium. Forex Forex News. Currency Converter. More Stock Game ChartMantra Technicals Trading Game Webinars Sitemap Definitions. Font Size Abc Small. Abc Medium. Abc Large. As a child, I remember collecting coins and bank notes from my father, every time he would return from one of his trips abroad. The colors, the pictures, the name and sign of the currency — it would transport me to a different world — a place where I saw myself traveling to different countries around the world.
As I grew, I did travel to many different countries and my collection of coins and bank notes of different currencies kept growing. This interest in collecting different currencies soon developed into studying the connection between one currency with another and very soon into the world of trading foreign currency what is forex market FOREX as it is called.
My interest led me to www. com ; a website, where I learned everything about Forex trading and started my trading activities from and have continued since.
Last week, as I was sorting through my collection of coins; my daughter asked me to explain to her what Forex Trading was all about. I have absolutely no idea about this but would like to know and understand why it fascinates you so much. What is Forex Trading? Forex trading in simple terms is the trading in currencies from different countries against each other; for example the US Dollar against the Euro.
Anyone who deals with a foreign country — be it a holiday there, or wanting to purchase something from that country or pay for a service, generally requires the currency of that country to do so.
For example, to pay for your college fees at Dubai, I need to make the payments in UAE Dhirams as Indian Rupees are not accepted there. Of course, I could pay in US Dollars too, as it is accepted almost everywhere, what is forex market, but that is a different story. So, in order to make this payment, I would have to buy UAE Dhirams by paying the equivalent amount in Indian Rupees.
One of the most fascinating things about this market — there is no brick and mortar marketplace for Forex trading. Every transaction is done electronically over-the-counter. Unlike the stock exchange, the Forex market remains open round the clock with currencies traded across every time zone, five days every week. What's moving Sensex and Nifty Track latest market newsstock tips and expert advice on ETMarkets.
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Forex Trading for Beginners #1: What is Forex trading and How Does it Work
, time: 10:32Foreign exchange market - Wikipedia
· The foreign exchange market (dubbed forex or FX) is the market for exchanging foreign currencies. Forex is the largest market in the world, and the trades that happen in it affect everything from Estimated Reading Time: 8 mins 5. · The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies. Because of the worldwide reach 9. 9. · Forex Market Statistics The Size and Daily Turnover in the Global Foreign Exchange Market. The Forex market is the biggest financial market in the world, bigger than the stock, bond, and commodity markets. Forex market daily activity has seen an increase from US$ trillion in to US$ trillion in Estimated Reading Time: 4 mins
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