Fasar khan – what is forex
FK Investments asked:
fasar khan
Ok so you want to know what exactly forex is and what it entails. My name is fasar khan and I have been trading on the forex markets for a number of years. Forex is a very complex and highly volitile market place. It’s like no other business, value can drop in an instant, therefore, you need to realy do you homework and spend a lot of time studying the markets and what influences markets change and trend. Forex is very lucrative but at the same time its very high risk to say the least and most traders fail. It’s very difficult and take time and patience to gasp. However when done correctly it can be very beneficial financially.
The foreign exchange market (FX, forex or currency market) is a worldwide decentralized over-thecounter financial market for engaging in trading of currency pairs.
Financial centres around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
According to reports as of April 2010, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, a growth of approximately 20% over the $3.21 trillion daily volume as of April 2007.
Turnover of exchange-traded foreign exchange futures and options have grown rapidly in recent years, reaching $166 billion in April 2010 (double the turnover recorded in April 2007). Exchange-traded currency derivatives represent 4% of OTC foreign exchange turnover. FX future contracts were introduced in 1972 at the CME and are actively traded relative to most other futures contracts.
fasar khan
forex
fasar khan
Ok so you want to know what exactly forex is and what it entails. My name is fasar khan and I have been trading on the forex markets for a number of years. Forex is a very complex and highly volitile market place. It’s like no other business, value can drop in an instant, therefore, you need to realy do you homework and spend a lot of time studying the markets and what influences markets change and trend. Forex is very lucrative but at the same time its very high risk to say the least and most traders fail. It’s very difficult and take time and patience to gasp. However when done correctly it can be very beneficial financially.
The foreign exchange market (FX, forex or currency market) is a worldwide decentralized over-thecounter financial market for engaging in trading of currency pairs.
Financial centres around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
According to reports as of April 2010, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, a growth of approximately 20% over the $3.21 trillion daily volume as of April 2007.
Turnover of exchange-traded foreign exchange futures and options have grown rapidly in recent years, reaching $166 billion in April 2010 (double the turnover recorded in April 2007). Exchange-traded currency derivatives represent 4% of OTC foreign exchange turnover. FX future contracts were introduced in 1972 at the CME and are actively traded relative to most other futures contracts.
fasar khan
forex
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