What is the currency market? Currency trading traces its origins in the global forex market, the largest capital market in the world at $4.68 trillion Highly speculative in nature, forex trading is comprised of global partners — mostly banks, central banks, institutional investors, retail brokers and investors, and large corporations. In a word, these investors buy and sell currencies on an over-the-counter basis. (There is no central exchange for trading currencies.) Formally known as the foreign exchange market, the forex market enables investors to evaluate currencies based on a country’s economic and political situation, which are normally the most significant drivers of currency rates. Source: Wealth Daily
Posted on: Mon, 25 Nov 2013 16:04:28 +0000
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