Here when one purchases any countrys currency then they have to do it with another countrys currency. This transaction which takes place between two countries with respect to their currency is the Foreign exchange transaction and the price the traders negotiate is the exchange rate.
This has made it the most sought after business of the present era. Moreover slight currency movements leading to a good enough profit generation, has made it all the more profitable.
The Forex trading does not take place simultaneously worldwide. It is completely dependent on the time and location of the markets. Following Tokyo its the Hong Kong and Singapore markets next and then followed closely by the European markets. London by way of its location is the last market to open its shutters for the week. So literally it is the sun that the Forex trading markets follow.
Forex trading involves buying and selling of foreign currencies and the events takes place simultaneously.
Forex trading operates well in speculative markets. In just less than a decade Forex markets have grown tremendously and its present size is about 50 times that of all the other capital markets combined together. In Forex trading the most favored currencies till date are USD, EUR, JPY, GBP, CHF, CAD, and the AUD.
currency trading market Currencies of the world
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