The most viewed Forex trading video ever on Youtube.
Watch this vid to understand why currency trading has never been more exciting and why it aways pays to diversify in forex trading!
About Forex Trading:
The foreign exchange market (forex trading market, FX or currency market) is a global decentralized market for foreign currency trading. The main participants in this forex market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The forex market determines the relative values of different currencies. It works through financial institutions and operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as "dealers," who are actively involved in large quantities of foreign exchange (forex) trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the interbank market. Trades between forex dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little supervisory entity regulating its actions.
The foreign exchange market assists international trade and investment by enabling currency conversion. For example, it permits a business in the United States to import goods from the European Union member states, and pay euros, even though its income is in U.S dollars. It also supports direct speculation in the value of currencies, speculation based on the interest rate differential between two currencies. In a typical forex trading transaction, a party purchases some quantity of one currency by paying some quantity of another currency. The modern foreign exchange market began forming during the 1970s after over 30 years of government restrictions on foreign exchange transactions.
The forex market is unique because of the following characteristics:
The huge trading volume representing the largest asset class in the world leading to high liquidity; its geographical dispersion; its continuous operation; the variety of factors that affect exchange rates; the low margins of relative profit compared with other markets of fixed income; and the use of leverage to enhance profit and loss margins. As such, the forex trading market has been referred to as the market closest to the ideal of perfect competition. According to the Bank for International Settlements, the average daily turnover in global foreign exchange markets is estimated at $3.98 trillion.