What is Currency Trading Currency trading is the biggest industry today, moving world markets and the world’s economy. Currency trading happens in the FX market, which is the Forex exchange market, and the trading takes place with the intent to make money, it is often referred to as “Speculative Forex Trading”. The foreign exchange market is open to a wide range of buyers and sellers who trade Forex twenty four hours a day with the exception of weekends. The exchange rate is the rate measured between two currencies, and it is the rate at which one currency will be exchanged with another, exchange rates are determined by the foreign exchange market. In the exchange market there is a different buying rate and a selling rate presented as a quote by ‘money dealers’, the buying rate of a currency is the current price at which traders can buy the currency, and the selling rate is that at which they can sell the currency. In the foreign exchange market where all the selling takes place, the selling and buying of a currency happen simultaneously. The exchange rate is always quoted in pairs like EUR/USD (The Euro and US dollar), and the rate is constantly changing based on economic factors – keep in mind that economic factors are also influenced by the FX market itself. Currency trading happens around the clock from all over the world, and it is a big factor in keeping world economies moving, with over five trillion dollars moving daily just from Forex trading. FxNet Team FxNet Ltd is a global, fully licensed Over the Counter (OTC) online Forex and commodities broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). FxNet is located in Limassol Cyprus. FxNets mission is to reach and retain traders around the globe through exceptional customer service, integrity and continuous innovation that will provide our clients with simple, exciting and secured trading platforms. fxnet/news/what-is-currency-trading
Posted on: Tue, 21 Jan 2014 09:40:52 +0000
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