About the Forex Market

FOREX - can be called a trading platform for money. It is an international currency market that gained its existence in 1971. International trade decided to move from fixing to floating exchange rates.

Roughly speaking Forex trading money: dollars can buy euros; On the euro you can buy francs, etc.If it's easier to put the wording, the FOREX market, then we can say that, FOREX is a special section of the economy that specializes in buying and selling currencies.

Today in the forex market is not just a global and the largest market, but also for many it has become a lifestyle, the main profession and the source of income. So how does it make it possible to earn money in the foreign exchange market?

The fact is that the demand and supply, hence the prices for various freely convertible currencies under the influence of all sorts of events in the world (whether it is flood, earthquake or something else) are constantly changing. This allows a person to buy money at a lower price, and then sells more expensive, "cutting down" some lucrative amount.

The turnover of trading on the Forex market is not compared with the turnover of any transactions that occur in financial banks. And a day is about 1.5 trillion dollars. Another of the features of the market, so this is that the market has no definite termination. Ie this is a huge network of foreign currency dealers connected by means of telecommunications, located in all major financial centers and working as a whole.

The main participants of this market include: the world's central banks, exchanges and brokerage houses, commercial banks, private investors, insurance and investment funds, corporate speculators. It is quite logical that the currencies of those countries that have more developed economy and trade: euro, dollar, pound sterling, Japanese yen are the main currencies, of which some operations are made in the market .

The work of the international currency market does not stop even for a minute, unlike other different markets where trade ends at the end of the day, and it resumes only in the morning. But on the FOREX market there are also their days off, such as Saturday and Sunday. During the weekend transactions on the market almost does not occur, but separate operations are being performed.

Computerization and Internet development gave impetus to the development of the huge popularity of this market among "private traders". And how much can you earn on Forex? The size of your earnings depends only on the ability of the "player" (trader) to correctly predict the movement of the market. However, the foreign exchange market is a very complex mechanism, in which one needs to be very well versed in order to be successful!