Histroy of Forex


Foreign currency (foreign exchange) where the currency of one country to another area. The foreign exchange market, the largest financial market in the world more than 1.9 trillion U.S. dollars a day is equal to more than three times the total U.S. stock market and the Treasury together. Unlike other financial markets, currency markets have no physical location and no central exchange (OTC). Banks, companies and individuals trading one currency for another through a global network running. In the absence of a physical exchange enables the exchange market to work 24 hours a day, all major financial centers and a distribution area Traditionally, private investors through access to foreign exchange market by banks to large amounts of foreign exchange transactions, investment and commercial purposes. The trade volume has increased rapidly over time, especially after exchange rates independently 1971 has enabled the vessel. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term fund owners and rescue access market exchange of goods and financial services payment transactions for goods or hedge their currency risks taken to reduce the risk of fluctuations in other markets

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