What is forex?
Forex is the abbreviation of: “Forex exchange market”. This is the market where currencies are exchanged and traded. If you have ever exchanged currencies, you have changed your currency for another, and probably you have noticed that the value of the two currencies were not the same. Each day tourists and business men need to exchange currencies, and for business men the value of currencies is fundamental.
Their goal is to make profit, and if the result of the exchange is a loss is not very positive for them. They are one part and not the most part of the fx market protagonists, speculator are the most part of the fx market trader. Their goal is naturally: speculation. They consider macroeconomic situation and monetary condition of two currency’s countries, that influence change in stock prices and exchange rates, to identify the perfect moment to sell and buy.
The trader deal with currencies via computer and when he wants. The financial centers are night and day opened. To tell the truth every financial center has a break, but their location give you the possibility to trade 24 hours a day: Tokyo, London, New York, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. Probably you have noticed that for example New York could have not the same work time of Tokyo, so when New York closes Tokyo opens and you have the possibility to choose!
Other blog: Facilitate Forex