Currency trade place or Forex (FOReign EXchange) is the biggest market in the world, with a daily average currency over 1 900 000 000 USD daily turnover. First this market place is accessible for te biggest finansial institution, but with the entering of the internet trade before couple of years becomm easy to access from the ordinary people.
Fore the newets ivestors, or speculants is the rightly word, We pay attention to the four curious questions about Foreign Exchange.
With what is different this market place from another?
In contradistinction from oder trade markets currency trade don't trade in specific market place. Forex dont controled from country or government. Dont have clearing banks who garantiert the deal and court for arbitration.
From the other site institution and brokers are controled from regional level, respectively coutnry institution. As we make a mentioning, this is the most liquid and movable market place, as another distinguishin mark - open 24 hours a day. Foreign exchange start from Sunday night and finished at Friday night. It have brokers who give a possibilty to trade in weekend.
Have it a commission in Foreign Exchange?
By the trade with stocks the broker is moderator by the deal and get a commission. Forex dont have a commissions - this is market place for dealers. i.e they are on the another site and win form the difference buy-sell (Spred). This is and the price for the investors for trading. They can't search a better price with offers by bid when buy an by ask when sell. In spite of lack spred pile up and the difference is big.
What you really buy and sell?
The short answer is nothing. Small market place, where trade ordinary people (speculants) is simply speculated. Dont have a phisycal trade, all deals writed in the Market Maker's computers.
Another answer by this question is from the view point currency awlays trade in pairs. Buyer stay in long positon from first currency and in short from second.For example : You buy 200 from currency pair USD/JPY. You are in long position in USD, and in short in JPY ( By the daily course).
The most tradet currency pairs?
Some brokers give You a chance to trade with over then 100 currency pairs but most tradet pairs (majors) are:
EUR/USD (euro/US dollar)
USD/JPY (US dollar/Japanese Yen)
GBP/USD (British pound/US dollar)
USD/CHF (US dollar/Swiss franc)
AUD/USD (Australian Dollar/US dollar)
USD/CAD (US dollar/Canadian dollar)
NZD/USD (New Zealand dollar/US dollar)
You can see more articles about forex in our site http://www.marketivaforex.com
