FOREX (abbr. Foreign Exchange Market) - the international currency market, through which operations are buying and selling of foreign currency c delivery on a specified date. In simple terms, forex - a market exchange. Even Adam Smith argued that "... the money - commodity." So in the Forex market trading money.
The international currency market Forex has no specific address or geographic location. It is a global computer trading system on which move huge financial flows.
Movement in the Forex market determine the major actors such as international commercial banks, Exporters, Importers, hedge funds and managers. They have huge financial resources and are able to change the ratio of exchange rates to their advantage. Small parties to the forex market (speculators) are forced to anticipate their actions and join the movement.
In the currency market forex trading virtually all convertibility of national currencies, but the largest volumes of trade is U.S. dollar (USD), Euro Currency Evropeyskogo Union (EUR), Japanese yen (JPY), British Pound (GBP) and Swiss Franc (CHF).
Trading volumes on currency exchange market, on average from 1 to 3 trillion dollars a day, almost 50 times the volume of trading on stock exchanges.
Trading in the currency market has become in recent years, a very common activity. At least 80% of all transactions in forex are aimed at earning speculative profit on the game at the exchange rate differences.
On the currency market is the majority of operations (90%) will be implemented in e-commerce by OTC around the clock since opening c banks in New Zealand and finishing the work of banks on the west coast of America.
B classic textbooks on macroeconomics argues that the equilibrium exchange rate determines the supply and demand in the market. However, the forex market, forex, as well as other financial markets yavlyaetsyasya developing and flexible system, a so c work fits into the rigid framework of the classical model. Foreign exchange market is never in equilibrium, but continually strives to him.
The international currency market Forex has formed in the late 18th century and was legally issued in 1867 in Paris. Foreign currency exchanged for gold in the amount indicated on the bill. The exchange rate was virtually fixed. The main and reserve currency has been the British pound. The period of the Paris Agreement, entered into the history of monetary system, as the era of the "gold standard".
As a result of the monetary system in 1944 in Bretton Woods (USA) signed a new agreement under which all currencies were tied to the U.S. dollar, and the dollar - gold. As a result, has emerged, the so-called soft fixed rate.
Further development of the international Forex market was in the early 70's, when almost all the leading capitalist countries began to use a floating exchange rate.
The international currency market Forex has no specific address or geographic location. It is a global computer trading system on which move huge financial flows.
Movement in the Forex market determine the major actors such as international commercial banks, Exporters, Importers, hedge funds and managers. They have huge financial resources and are able to change the ratio of exchange rates to their advantage. Small parties to the forex market (speculators) are forced to anticipate their actions and join the movement.
In the currency market forex trading virtually all convertibility of national currencies, but the largest volumes of trade is U.S. dollar (USD), Euro Currency Evropeyskogo Union (EUR), Japanese yen (JPY), British Pound (GBP) and Swiss Franc (CHF).
Trading volumes on currency exchange market, on average from 1 to 3 trillion dollars a day, almost 50 times the volume of trading on stock exchanges.
Trading in the currency market has become in recent years, a very common activity. At least 80% of all transactions in forex are aimed at earning speculative profit on the game at the exchange rate differences.
On the currency market is the majority of operations (90%) will be implemented in e-commerce by OTC around the clock since opening c banks in New Zealand and finishing the work of banks on the west coast of America.
B classic textbooks on macroeconomics argues that the equilibrium exchange rate determines the supply and demand in the market. However, the forex market, forex, as well as other financial markets yavlyaetsyasya developing and flexible system, a so c work fits into the rigid framework of the classical model. Foreign exchange market is never in equilibrium, but continually strives to him.
The international currency market Forex has formed in the late 18th century and was legally issued in 1867 in Paris. Foreign currency exchanged for gold in the amount indicated on the bill. The exchange rate was virtually fixed. The main and reserve currency has been the British pound. The period of the Paris Agreement, entered into the history of monetary system, as the era of the "gold standard".
As a result of the monetary system in 1944 in Bretton Woods (USA) signed a new agreement under which all currencies were tied to the U.S. dollar, and the dollar - gold. As a result, has emerged, the so-called soft fixed rate.
Further development of the international Forex market was in the early 70's, when almost all the leading capitalist countries began to use a floating exchange rate.
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