Forex international currency market is called (in English Forex – Foreign Exchange Market).
Generally, forex is a collection of all operations to some extent related to the purchase and sale of foreign currency, as well as providing loans to any specific conditions (interest rate, the amount, the exchange rate ) to settle on a specific date .
Often referred to as the foreign exchange market FX to date, currency trading has become one of the most common activities, because the daily turnover of the global foreign exchange market is about 4 trillion U.S. dollars.
Also, roughly about 80 % of all transactions – various operations profit from which is the difference in exchange rates.
Forex trading attracts a huge number of participants, which include both individual investors and financial institutions around the world. Such popularity is understandable: according to experts, is great and knowledgeable currency trader can earn forex about a million dollars.
Driving forces in the currency market
Thus a major factor on the exchange rates is the movement of capital between states, because it is the government is always responsible for their national currency.
Also, there are several other factors that affect the forex exchange rates: for example, the state of national economies, and the balance of mutual payments, various forecasts, as well as many political and psychological factors.
Forex trading does not stop even for a moment. That is, every day there are plenty of opportunities to make a profit on the exchange.
About Forex trading
Forex trading today are still quite profitable event. Today almost anyone can carry out their activities in the forex market. This contributes to a huge amount of financial brokers, as well as the possibility of online trading.
The main condition of success – to choose their own tactics and strategies Forex Market – qualitatively organized structure in which each trader – novice can learn independently conduct operations related to trade. To help beginners come many educational resources that guarantees the highest profits.
Indeed, in the currency market can earn a lot of money, and in the future, on the contrary, you can make money work for you already without your direct involvement.