Forex stands for Foreign Exchange words, the country is a market of currency exchange. So a country's currency, the currency of another country in exchange for the market is taken or sold. All over the world in these markets to determine exchange parity prices. Market, banks and broker companies that the main participants. Broker companies customers trading requests are fulfilled. For customers with large deposits at banks, broker service may give themselves.
The world's largest banks are connected with each other private communications network. All transactions are conducted with the help of the banking network. Any of this information network has given the bank's dollar or euro price öğrenilebilinir immediately. Exchange in the world market price (floating market) are determined by supply and demand by the rules, it states in the framework of free market rules are rarely intervenes.
Two banks of the differences between their parity price in case of theoretically be cheaper and more expensive one to be sold. In this case, the most expensive on the market cheaper than buying and selling prices on both sides soon evens. That's why in the world price parity within the same time period, is almost the same in all geographies. But parity prices may change over time too. This change is not chaotic, and always will be within the framework of certain rules. Knowing what these rules in the direction of this change and when people can estimate will be.
Forex market transaction volume in terms of the world's largest financial market. Here, daily trading volume varies between 1.5 trillion and 3 trillion dollars. To compare with the world's largest stock exchange in New York stock exchange daily trading volume is around 20 billion dollars. Incredible size of the total trading volume, the Forex market, the world's richest man, or even in the richest group of people can not easily be manüple has hardened. Thus protected from external factors and only in this market works according to the rules. The movement of people who know these rules can predict the exchange rates, so you can profit.
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