Forex. Information

Forex - is an international exchange market where buying and selling currencies. Forex is the largest market in the world.

One of the participants in the Forex market currency exchanges of other countries on its currency and vice versa. These parties may be companies who need to pay the salaries of their foreign offices.

The other part of the traders are currency speculators profiting from the smallest fluctuations in exchange rates.

Exchange rate fluctuations on Forex conditioned by actual monetary flows and expectations about changes in macroeconomic factors. Theoretically, this type of news should be public.

The Forex market operates 24 hours a day throughout the workweek. At the tender may be involved individuals, banks and brokers in various combination. Individuals (or currency speculators) have the opportunity to work at Forex in 24 hours in their own interests.

On the market online Forex trading currency, as well as on any other market, there is a difference between the price of buying and selling currencies. This difference is usually located in the region 1-2 points.

The average volume of trade in Forex is 1.9 trillion dollars (April 2004) according to the Bank for International Settlements.