XXX Posted November 26, 2009 Report Share Posted November 26, 2009 The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies. [1]The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business's income is in U.S. dollars.In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.The foreign exchange market is unique because of * its trading volumes, * the extreme liquidity of the market, * its geographical dispersion, * its long trading hours: 24 hours a day except on weekends (from 22:00 UTC on Sunday until 22:00 UTC Friday), * the variety of factors that affect exchange rates. * the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes) * the use of leverageAs such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks.[citation needed] According to the Bank for International Settlements,[2] average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world's main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows: * $1.005 trillion in spot transactions * $362 billion in outright forwards * $1.714 trillion in foreign exchange swaps * $129 billion estimated gaps in reportingContinued..............http://en.wikipedia.org/wiki/FOREX Link to comment Share on other sites More sharing options...
hypr2001 Posted November 26, 2009 Report Share Posted November 26, 2009 Now thats just good info. Its nice to know what all of these organizations do and how they do it. Thanks XXX for the research. Link to comment Share on other sites More sharing options...
DonkeyBoy Posted February 1, 2010 Report Share Posted February 1, 2010 Dollar getting stronger! Link to comment Share on other sites More sharing options...
DonkeyBoy Posted February 1, 2010 Report Share Posted February 1, 2010 Sell the EURO Link to comment Share on other sites More sharing options...
Swisher Posted February 27, 2010 Report Share Posted February 27, 2010 Iraq is joining Forex!!!! Link to comment Share on other sites More sharing options...
93GT Posted February 28, 2010 Report Share Posted February 28, 2010 maybe starting new career in foreign currency Link to comment Share on other sites More sharing options...
Steward Posted April 10, 2010 Report Share Posted April 10, 2010 Now if we can find an ETF in Dinars,,,,,, we can mop up aye !! Link to comment Share on other sites More sharing options...
Calculated00Money Posted April 10, 2010 Report Share Posted April 10, 2010 Triple X could you please send me a message with some more info on forex or on trading wisely,while proteceting my investment and moving my money to a safe place that is easy to reach.Thanks in advance. Link to comment Share on other sites More sharing options...
Calculated00Money Posted April 10, 2010 Report Share Posted April 10, 2010 Also don't know if anyone heard maliki stepped out of the race for pm as have a few others. Link to comment Share on other sites More sharing options...
steveh12 Posted April 10, 2010 Report Share Posted April 10, 2010 Thank You Mr. Porno Link to comment Share on other sites More sharing options...
Steward Posted April 11, 2010 Report Share Posted April 11, 2010 Calculated, I have been trading the Forex for a few years now. We started a good group at Winning Traders Association Com, But I like IBFX (Interbank FX) and get yourself the MT4 platform for trading. Next I'll show you some patterns to look for in the Candlesticks and you can trade them. But download the free Demo Acct and learn the site some. Link to comment Share on other sites More sharing options...
Calculated00Money Posted April 12, 2010 Report Share Posted April 12, 2010 Thanks alot`!!! Link to comment Share on other sites More sharing options...
mrref Posted April 12, 2010 Report Share Posted April 12, 2010 Calculated00Money, Maliki did not step out of the PM race just another rumor. Unless you have a new link.. Link to comment Share on other sites More sharing options...
Calculated00Money Posted April 12, 2010 Report Share Posted April 12, 2010 Mr Ref sorry,I read it with a link, i guess it was a meant he's on his way out. Link to comment Share on other sites More sharing options...
mydinar Posted April 13, 2010 Report Share Posted April 13, 2010 Swisher stated: "Iraq is joining Forex!!!! " Where did you get your info from Link to comment Share on other sites More sharing options...
kox Posted April 13, 2010 Report Share Posted April 13, 2010 Thanks for a good informative post Link to comment Share on other sites More sharing options...
wess144 Posted April 13, 2010 Report Share Posted April 13, 2010 Come on Iraq join the FOREX. Lets get this Dinar trading!!! Link to comment Share on other sites More sharing options...
Poornima Posted April 22, 2010 Report Share Posted April 22, 2010 Nice Information, Thank you very Much.... Currency Rates Link to comment Share on other sites More sharing options...
morrisw2 Posted May 31, 2010 Report Share Posted May 31, 2010 Does anyone know of a FOREX broker that trades the VND (Vietnam), BHD (Bahrain), and the KWD (Kuwaiti)? I have tried FXCM.com and FOREX.com and they do NOT trade those. Link to comment Share on other sites More sharing options...
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