The forex market is what is called an international exchange currency market, where currencies are exchanged on a daily basis. There are five forex market centers around the world – New York, London, Tokyo, Frankfurt and Zurich. One does not need to be on the trading floor, so to speak to be involved in the forex market. Today, forex trading can be done from home on a computer.
The forex market itself is basically a worldwide connection of traders, who make investment moves based on the price of currencies, or their values relative to other currencies. These traders constantly negotiate prices with other traders resulting in the fluctuation or movement of a currency’s value. The value of a currency on the forex market also corresponds with supply. If there is greater demand for the Euro, let’s say, then there will be less supply of it on the forex market, which means, in time, it will make a Euro more valuable compared to
let’s say the dollar. In short, in this forex market situation, one Euro would yield more dollars, subsequently weakening the dollar as well. Analyzing the forex market’s fluctuations allows investors to make predictions on how a currency will move in relation to another currency. They then can make predictions and buy and sell currency accordingly.
While some people view the forex market as a place to see what their exchange rate will be when they travel abroad, others view it as an opportunity to make great gains in their financial planning and future.
About the Author
Jay Moncliff is the founder of http://www.forexadvise.info .Updated daily
blog focusing on the latest Forex news, resources. Get the latest
alerts and articles in his site:forex trading.
Discover the Biggest Trading & Investing Online Mistake
Any online investor / trader seeks an excellent off or online future trading career opportunity. Despite this goal, did you know 95 percent of all traders go broke within the first two months? Why do investors lose vast amounts of wealth in one or...
Forex trading for the little guy
Since alot of these systems are dealing in Forex, we thought that we should provide a overview of what "Forex" is. The FX Market Structure The foreign exchange market is the generic term for the worldwide institutions that exist to exchange or...
Investing vs. Trading: Who Cares Anyway?
The mutual fund industry requires customers that buy their funds and never sell them. So naturally, they disseminate a lot of editorial decrying any trading, market-timing or re-allocating that includes selling their mutual funds. This non-selling...
Real life dollars buy virtual game money?
Will people pay real dollars for in-game virtual money to help
their virtual characters buy in-game goods?
One gamer, who goes by the screen name Haylo, said he spent $10
to $20 real dollars a month on in-game platinum(all...
Where's the Money?
Where's the Money? By William Cate July 2004 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] To create a US$100 million Multinational Corporation will take US$100...
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest / trade in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading.
** The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM. Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.