Forex Profits

[samuel23 10]

Forex, FX and the Forex market are some common abbreviations for the Foreign Exchange market. Actually it is the largest financial market in the world, where money is sold and bought freely. In its present condition the Forex market was launched in the seventies, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from demand and supply. As far as the freedom from any external control and free competition are concerned, the Forex market is a perfect market.

 

With a daily turnover of over trillions of dollars, the Foreign Exchange market conducts more than three times the aggregate amount volume of the United States Equity and Treasury markets combined. The Forex market is an over-the-counter market where buyers and sellers conduct foreign exchange business using different means of communication.

 

Unlike other financial markets, the Forex market has no physical location or central exchange. Since the Forex market lacks a physical exchange, the market trades continuously on a 24-hour basis, moving from one time zone to the next, across each of the world's major financial centers every day. Trillions of dollars of foreign exchange activity takes place every day. From 1997 to the end of 2000, daily forex trading volume surged approximately from US$5 billion to US$1.5 trillion and more (according to various recent studies it has touched $1.7 trillion per day and dwarfs all other markets for trading in size and volume). It is really difficult, if not impossible; to determine an absolutely exact number because trading is not centralized on an exchange. But one thing is for sure that the Forex market continues to grow at a phenomenal rate.

[forexlady101 10]

It's always impressive, no matter how many times you seen it written.

[samuel23 10]

Indeed dear, this is something really amazing and one should know about it to make sure the profits is around when trading forex. Hope this can be useful to others. Thanks for your comments.

[xuzhu 10]

yes, more and more people will join in this market as the economy is more and more globalized.

[samuel23 10]

yes, more and more people will join in this market as the economy is more and more globalized.

 

This market have revenue over trillion and we can see how people are interested in FOREX nowadays. We should know that this market is really huge and it demands lot of work as well. Learning is fundamental in forex and we should increase our knowledge in order to deal with Forex efficiently.