What Is Forex Trading?
Forex or foreign exchange is the term used for the trading of one currency for another. Such trading occurs on a daily basis especially in international business. The forex market is known as one of the largest global markets in existence and includes the trading of currency between banks, business corporations, governments, financial markets and many other sectors in business. An average of 3-4 trillion US$ are traded on the global forex market every day.
So What Makes This Market So Unique?
There are a number of factors that make this market unique, these are: - The volumes of currency traded on a daily basis. - The dispersion of global location where trading occurs. - The times at which trading can occur (24 hours a day, except weekends). - The number of factors that affect the currency exchange rate. - The margin of profit compared to other markets.
Who Are The Top 10 Currency Traders Globally?
The top 10 forex traders globally account for nearly 70% of all trading volume in the market. These banks have such influence as they always provide a buy and sell price for currency, thus allowing for a greater volume of trade. The following banks provide the greatest trade in forex:
1. Deutsche Bank ~ 21%.
2. UBS AG ~ 16%.
3. Barclays Capital ~ 9%.
4. Citi ~ 7%.
5. Royal Bank of Scotland ~ 7%
6. JPMorgan ~ 4%
7. HSBC ~ 4%.
8. Lehman Brothers ~ 3%.
9. Goldman Sachs ~ 3%.
10. Morgan Stanley ~ 3%.
Information.
The internet has become one of the most common places to find information on the forex market and on systems that can be used to take advantage of the market and create a small profit for yourself. One such example is the instant forex system which provides an innovative kit that reveals secrets about the forex market and how to utilise these secrets. The system doesn't even need any previous trading experience, just 5-10 minutes of your time per week. The system has many benefits and can be used even if you have a very low starting capital. No technical skills are required.
For more information on the instant forex system, visit:
http://doyouneedthis.net/businesseducation.aspx
Reuters - The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the Treasury Department said on Tuesday.
Daytrading Signals
Latin
No comments:
Post a Comment