The value of Currency plays a vital role in this advanced era and can
bring a huge profit or loss for you. The Forex Trading is a global
business of currencies that is dealt on an international level.
Financial platforms act as a trading center between the marketers
including the main banks, i.e. EBS and Reuter’s dealing 3000. The origin
of modern Forex can be said in 1970s.
Forex Market
Forex trading is different from other markets on the following basis:
It is the largest market and conducted worldwide.
It is active 24 hours a day excluding weekends.
The major factor, it depends upon is the fluctuation of currencies that are in exchange.
The marginal rate is lower as compared to the other financial markets
and Leverage is used to increase or decrease the margin rate.
Unlike Stock Exchange Market, here in Forex, the trader can directly deal with the broker individually.
The participants involved in this business are categorized into
various classes, i.e. Interbank (the largest financial institution
around the world), Spreads (Those who play with the bid price and the
ask price), commercial banks, corporations and retail
marketers,
speculators, etc.
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