What Is Forex? Do You Know? Read Please!
Are you looking for What is Forex? Read Please. If you're ever in a foreign country, usually had to find a mode of exchange at the airport, and then exchange the money in your wallet (if you're a man) or bag (if you're a lady) or man bag (if Bent a metrosexual) into the currency of the country you are visiting.
You go to the counter and a screen with different exchange rates of various currencies. You will find "Japanese yen" find and you think to yourself, "Wow! My $ 1 was worth 100 yen And I have ten dollars I'll be rich !!!?!" (This voltage is quickly slain when then stop by a store at the airport to buy a soda and suddenly half the money is gone.)
When you do this, you have participated in essence the forex market! You changed one currency for another. Or in forex trading terms, assuming you're an American visiting Japan, you have sold dollars and bought yen.
Before flying back home, stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) And watch have changed exchange rates. It is these changes in exchange rates that allow you to make money in the forex market.
On the foreign exchange market, which is usually known as the "Forex" or "FX" is the largest financial market in the world. Compared with lentils $22.400.000.000 dollar volume day in New York Stock Exchange (NYSE), the foreign exchange market looks absolutely ginormous with its $ 5.3 trillion daily volume. Forex rocks our socks!
Take a moment to put this into perspective using monsters ...
The largest fair in the world, New York Stock Exchange trades a volume of about $ 22.400.000.000 per day. If we use is made of a sample to represent NYSE would look ...
You hear about the NYSE in the news every day ... on CNBC ... on Bloomberg ... on BBC ... heck, even you probably hear at your local gym. "The NYSE is today, blah, blah." When people talk about the "market", they usually mean the stock market. So the NYSE sounds big, it's loud and likes to make a lot of noise.
But if you actually compare the foreign exchange market, it would look like this ...
Oooh, the NYSE looks so small compared to the Forex market! It does not stand a chance!
Check out the graph of the average daily trading volume in the forex market, New York Stock Exchange, Tokyo Stock Exchange and the London Stock Exchange:
The currency market is more than 200 times bigger! It's huge! But hold your horses, there is a catch! That huge number 5.000.000.000.000 $ refers to the entire global foreign exchange market, BUT retail (that's us) trading in the spot market, which is about $ 1.490.000.000.000. So you see, the forex market is certainly big, but not that big would have you believe and the media.
Did you feel like you already know what the forex market is all about? We're just getting started! In the next section we will reveal what is actually traded in the forex market.
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what is forex trading and how does it work
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what is forex credit
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what is forex currency trading
what is forex margin
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what is forex investing
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what is forex trading and how does it work
what is forex pips
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what is forex market
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what is forex hedging
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what is forex trade
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Are you looking for What is Forex? Read Please. If you're ever in a foreign country, usually had to find a mode of exchange at the airport, and then exchange the money in your wallet (if you're a man) or bag (if you're a lady) or man bag (if Bent a metrosexual) into the currency of the country you are visiting.
You go to the counter and a screen with different exchange rates of various currencies. You will find "Japanese yen" find and you think to yourself, "Wow! My $ 1 was worth 100 yen And I have ten dollars I'll be rich !!!?!" (This voltage is quickly slain when then stop by a store at the airport to buy a soda and suddenly half the money is gone.)
When you do this, you have participated in essence the forex market! You changed one currency for another. Or in forex trading terms, assuming you're an American visiting Japan, you have sold dollars and bought yen.
Before flying back home, stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) And watch have changed exchange rates. It is these changes in exchange rates that allow you to make money in the forex market.
On the foreign exchange market, which is usually known as the "Forex" or "FX" is the largest financial market in the world. Compared with lentils $22.400.000.000 dollar volume day in New York Stock Exchange (NYSE), the foreign exchange market looks absolutely ginormous with its $ 5.3 trillion daily volume. Forex rocks our socks!
Take a moment to put this into perspective using monsters ...
The largest fair in the world, New York Stock Exchange trades a volume of about $ 22.400.000.000 per day. If we use is made of a sample to represent NYSE would look ...
You hear about the NYSE in the news every day ... on CNBC ... on Bloomberg ... on BBC ... heck, even you probably hear at your local gym. "The NYSE is today, blah, blah." When people talk about the "market", they usually mean the stock market. So the NYSE sounds big, it's loud and likes to make a lot of noise.
But if you actually compare the foreign exchange market, it would look like this ...
Oooh, the NYSE looks so small compared to the Forex market! It does not stand a chance!
Check out the graph of the average daily trading volume in the forex market, New York Stock Exchange, Tokyo Stock Exchange and the London Stock Exchange:
The currency market is more than 200 times bigger! It's huge! But hold your horses, there is a catch! That huge number 5.000.000.000.000 $ refers to the entire global foreign exchange market, BUT retail (that's us) trading in the spot market, which is about $ 1.490.000.000.000. So you see, the forex market is certainly big, but not that big would have you believe and the media.
Did you feel like you already know what the forex market is all about? We're just getting started! In the next section we will reveal what is actually traded in the forex market.
Recent Articles :
what is forex
what is forex trading
what is forex trading and how does it work
what is forex market
what is forex hedging
what is forex leverage
what is forex trade
what is forex scalping
what is forex exchange
what is forex trading system
what is forex trader
what is forex investing
what is forex credit
what is forex board
what is forex trading all about
what is forex ecn
what is forex reserve
what is forex currency trading
what is forex margin
what is forex card
what is forex pips
what is forex investment
what is forex technical analysis
what is forex risk
whatisforex.com
what is forex trading
what is forex trading and how does it work
what is forex market
what is forex hedging
what is forex leverage
what is forex trade
what is forex scalping
what is forex exchange
what is forex trading system
what is forex trader
what is forex investing
what is forex credit
what is forex board
what is forex trading all about
what is forex ecn
what is forex reserve
what is forex currency trading
what is forex margin
what is forex card
what is forex pips
what is forex investment
what is forex technical analysis
what is forex risk
what is forex training
what is forex trading wiki
what is forex account
what is forex and how does it work
what is for example
what is forex exchange
what is forex ecn
what is forex exchange rate
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what is forex investing
what is forex rates
what is forex investment
what is forex investments
what is forex market
what is forex margin
what is forex material
what is forex management
what is a forex trader
what is a forex pip
what is a pip in forex trading
what is forex board
what is the best forex broker
what is a forex broker
what is a forex bureau
what is forex credit
what is forex currency trading
what is forex card
what is forex contracts
what is forex day trading
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what is forex trading and how does it work
what is forex trade
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what is forex trading all about
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what is forex leverage
what is forex reserve
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what is the forex exchange
what is a forex expert advisor
what is a forex ea
what is forex fraud
what is fortex fabric
what is a forex fee
what is the tokyo forex fix called
what is vpn for forex
what is forex graphics applications
what is forex hedging
what is forex investing
what is forex investment
what is forex investments
what is forex exchange
what is forex ecn
what is forex exchange rate
what is forex risk
what is forex signal
what is the best forex indicator
what is a pip in forex trading
what is forex graphics applications
what is forex hedging
what is forex investing
what is forex investment
what is forex investments
what is forex trading
what is forex leverage
what is forex market
what is forex trading and how does it work
what is forex margin
what is forex day trading
what is forex material
what is forex management
what is forex micro accounts
what is forex difference
what is forex scalping
what is forex trade
what is forex exchange
what is forex metal.com mt4 broker login name
what is forex trading system
what is forex trader
what is forex credit
what is forex board
what is forex trading all about
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what is forex credit
what is forex currency trading
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what is forex hedging
what is forex trading and how does it work
what is forex market
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what is forex trading system
what is forex trader
what is forex trading all about
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