What is Forex? How Does Forex Work? Forex Education And Trading For Beginners
Forex Trading Education: What Is Forex? The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day. (The total volume changes all the time, but as of August 2012, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U.S. $4.9 trillion per day.)One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.Spot Market and the Forwards and Futures MarketsThere are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market and the futures market. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.what is forex trading,how does forex work,is forex trading profitable,forex trading for beginners,forex wiki,forex meaning,forex trading tutorial,best forex trading platform,forex trading training,
The Ninja Cat
I'm so nervous, I am only 13 and
They could do an anime dialogue with that hang time
Sam van der Linden
Can you show the panda face
"You are the Father."
I was high as hell and finally found the song it’s super lit
Dat shot thow
It's ok Guru as long as you had fun making it great video!
Im actually more hyped about this announcement than I am about that overhyped mediocre game that is FF VII. Especially considering the fact that Squenix will remove everything from FF VII that gave it an unique touch like the fourth wall breaking, goofy moments and cocky Cloud. Instead it will probably end up as an edgelord fest. So I gladly take FF VIII.
It is Harsh from INDIA
I hate this
I'm bipolar too.
Liz Santiago Santiago
2:43 ummmmm YOU MEAN LESBIAN
Camden Bender/ PatchyDachy
Hes singing "Im so fancy and you already know"
Rip “the old man😢❤️ and I am the tall guy that shoots 3s but I make mines
These videos make me feel all good and warm inside I hope this never happens to anyone
Ambarish K N
Add more videos guys
He looks like hiro from hero 6
Amazing video, dp, can you please respond to me, it would mean so much to me.