Hi Pals , Here you will know What is Forex Trading ( Foreign Exchange Trading – FX Trading ) , Things needed to Become The Best Forex Trader ( A Person who Earns lots and lots of dollars , Euros , Rupees Etc.., With Simple Analyzing skills of Forex Market ). To Know about for ex trading , forex trading without levarage , forex trading in australia , web secure login , if you want 360 analysis for your us trading account , trading market hours along with the us trade market shares info , how to exchange rate trade in forex money trading , what is the margin required for Forex Trade ? , rollover chart of fx trading , To know the future forex rates inclination and declination factors along with all forex trading terms and to know all forex charts you are at the right spot to know the most trending forex trading techniques and info with my articles here.
What is Forex Trading – Foreign Exchange Trading :
Foreign Exchange Market : This is the Place where several types of currencies are traded/exchanged . This is the essential thing we always to do when we want any foreign trade / foreign business .
Foreign Exchange Trading : It means exchanging of different types of currencies for various purposes with different buying and selling rates of currencies with our currency. ( Ex 1 :We naturally see in magazines like dollar selling rate and dollar buying rate – those are related to the foreign exchange , Ex 2 : If you want to buy a ghee from France , You need to pay Euros rather than paying Dollars of yours ) .
Without Forex Exchange , You can’t use your currency. So you need to convert your currency to the local currency. And one more thing , Forex Market Stood first most of the times in the competition of money market ( Stock Market ). According to the Bank of International Settlements (BIS) Forex Market traded 4.7 trillion USD per day in august 2012 report.
This Forex Trading ( currency trading ) mainly occurs from the users online transactions from computers and mobiles. Forex Market don’t have any center for transactions . Mostly transactions of currency trading completes from users Personal Computer (PC) ‘s /Mobiles/Any other devices.
The Forex market is open the whole day , five and half days a week, and the currencies are traded worldwide in major financial centres of New York, London, Zurich, Tokyo, Frankfurt, Singapore, Paris, Hong Kong and Sydney – across almost each & every time zone. What i mean is when the trading day over in U.S. , forex market in Tokyo and Hong Kong begins to exchange. Likewise forex market is active any time of the day with different price quotes with constant changing.
What is Spot Market , Forwards Market & Future Market ??
There are actually 3 ways that every individual , corporation and institution trade forex . They are Spot Market , Forwards Market and the Future Market Forex Trade .
Spot Market : Spot where currencies sold and bought at according to the current price/rate which are actually determined by the demand and supply along with the mingled constraints like local & international sentiments of political situations , current interest rates , economic performance etc.., If the deal finalized then it is “SPOT DEAL”. It deals with the present things rather than the future trade things . It is actually a bilateral transaction where one party delivers agreed currency amount to the counter party and then receives a specific another currency amount at the agreed-upon currency exchange rate value. Finalization is the settlement of Cash at present moments.
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Forwards Market Trade : Don’t trade actual Currencies . It deals with contracts which actually represents claims for future settlements of certain currency type along with the specific price/unit. In terms of agreement b/w themselves , contracts are bought and also sold OTC b/w two parties / partners.
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Future Market Trade : Here Future contracts of currencies are bought and sold based on the standard size, settlement dates. This Market deals with only future commodities markets of public etc.., . Web Secure Login is essential whenever you were trading privately .
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