Martes, Pebrero 5, 2013
Forex is all about money
Forex is all about money that will exchange to other country like in the Philippine it is "Peso" while in the America "US Dollar"
Is international market for the free trade of currencies. Traders place orders to buy one currency with another currency. For example, a trader may want to buy , and will use the Forex market to do this. It also supports direct speculation in the value of currencies, and the carry trade, speculation based on the interest rate differential between two currencies.
In the other country which is Finance, their exchange rate is also known as the foreign-exchange rate, Forex rate or FX rate between two currencies is the rate at which the one currency will be exchanged to another. Also regarded as the value of one country`s currency in terms of another currency.
The foreign exchange market also determines the relative values of different currencies.
When did Forex start?
The world continued to tear itself apart in the Second World War, there was an urgent need for financial stability. While International negotiators from 29 countries met in Bretton Woods and agreed to a new economic system where, among other things, exchange rates would be fixed.
What are the advantages of the Forex market?
The Forex market has many advantages. First is ..It's already the world's largest market and it's still growing quickly and the market is not regulated and market also is open 24 hours a day during weekdays.