Posts Tagged ‘forex market mechanics’
Forex Market Mechanics ESSENTIALS
Forex as you probably know refers to foreign exchange i.e. foreign currency trade. It is a market which has no official exchange, and is 24 hours. Trading takes place through large financial institutions like banks, as well as small dealers and private individuals. Most of the trade is speculative, with only a small fraction of the purchases actually going through at the end of the day. We’ll be dealing with the basics of how this particular market functions. Most of what you’ll read here is for your knowledge and understanding. In actuality, all of this will be handled by your broker, the guy who handles the actual transactions for you.
The primary factor is obviously the rate at which you buy/sell currency. More »
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