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FOREX Trading News
We continuously gather
information about Forex and classify them here. You will find useful
information about:
Forex Trading as commonly
called stands for Foreign Exchange Trading. It is biggest financial
trading market in the world having a daily turnover in excess of
US$1 Trillion. The figure signifies a volume amounting to about 28
times the combined volume of all US equity trading markets.
Forex Trading means buying of
one foreign currency by paying in another. Each transaction involves
a purchase and a sale of currency at the same time, since currency
trading is always done in pairs for example USD/EUR or USD/GBP etc.
Foreign Currency trading or
Forex Trading is undertaken for two purposes. About 5-7% of the
transactions are undertaken by institutions that do business in
foreign lands or companies that have to convert their foreign
currency earnings into domestic currency. The rest of the Forex
Trading is done purely on speculative basis with profit objectives.
For trading by speculation
purposes, the best profit making opportunity lies in most traded
currencies (obviously the currencies of most economically advanced
countries) also called the "majors" in Forex Trading parlance. They
consist of US Dollar, GB Pounds, Japanese Yen, European Unions EURO,
Swiss Franc, Canadian Dollar, Australian Dollar etc.
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