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What is Forex ? The Foreign Exchange market, also
referred to as the "Forex" or "FX" market, is the largest financial
market in the world, with a daily average turnover of approximately
US$1.5 trillion. Foreign Exchange is the simultaneous buying of one
currency and selling of another. The world's currencies are on a
floating exchange rate and are always traded in pairs, for example
Euro/Dollar or Dollar/Yen.
The site gather as many
financial firm and corporate listings as possible in one place. We
are having a directory where you can easily find your target.
Financial directory is related to brokerages, clearing houses,
securities depositioneries, day trading, exchanges, FOREX, bonds and
other financial and investment activities.
About Forex
To buy foreign goods or services, or to invest in other
countries, companies and individuals may need to first buy the
currency of the country with which they are doing business.
Generally, exporters prefer to be paid in their country's currency
or in U.S. dollars, which are accepted all over the world. The foreign
exchange market, or the "FX" market, is where the buying and selling
of different currencies takes place. The price of one currency in
terms of another is called an exchange rate.
The market
itself is actually a worldwide network of traders, connected by
telephone lines and computer screens there is no central
headquarters. There are three main centers of trading, which handle
the majority of all FX transactions United Kingdom, United States,
and Japan . |