What is Forex Trading? Forex is the 2nd global financial market in terms of volume, the first being that interest rates. It represents the 1st against market liquidity, i.e. the ease with which an operator can find a counterpart with another who has interests opposed to theirs.Forex has existed since 1973 when the fixed exchange rates of various currencies has been dropped against the dollar standard established by the Breton Woods agreements in 1944 under its current system of floating exchange rates.
Location of Forex A big part of the Forex market is still physically located in London despite a breakdown between the continents. Schedules Forex operates continuously from Sunday evening 22H GMT to 21:30 GMT Friday night. The dissemination of Forex between continents, when teams of traders are not the 3-8, this allows operation without interruption.
Tuesday, August 18, 2009
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