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Monday, October 26, 2009

CURRENCY TRADING

Fore-x is foreign exchange where international currency are bought and sold for making profit. It is an international financial market for selling and buying currency freely. Like others market like stock trading, futures trading , futures option, etc CURRENCY TRADING doesnt take part in regulated exchange. CURRENCY TRADING is cash market without any fullstop, it is on-going market where you can change the currency in exchange markets.

CURRENCY TRADING is the globally marketed through the global network of banks, corporations and individuals with a aim to trade currency. There is no physical trading and physical location for exchange of currency took place. All the trade simply took place through global banks, computer entries. Many currency are traded but the majority currencies like EUR,USD, JPY, GBP, are traded much. Currencies are mainly traded in pairs like:-
  • EUR/USD (euro/dollar)
  • USD/JPY (dollar/Japanese yen)
  • GBP/USD (British pound/dollar)
  • USD/CHF (dollar/Swiss franc)
This currencies are traded in various pairs. According to the trading markets only 18 pairs of currency are traded also called FX MARKETS.



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