forex 101: definition & general characteristics
DESCRIPTION
Quick presentation about the Forex market and its general characteristics.TRANSCRIPT
Definition
Forex refers to the global decentralized market for trading foreign exchange currencies.
It’s the largest and more liquid financial market in the world worth a staggering $5 trillion USD/day.
Forex is Decentralized
There is no central exchange to go and trade currencies.
There is no clearing house.
Investors trade directly with each other using the internet, dealers and other third parties.
Forex is 24 hours
24 hours a day except weekends.
From 22:00 GMT on Sunday (Australia Open) until 22:00 GMT Friday (New York Close)
Forex is Regulated
There are several independent and governmental bodies around the world that oversee the currency market.
Their main task is to protect investors for fraudulent activities and ensure market transparency by enforcing the law.
There is a Forex regulator in almost every country.
High Liquidity
A few reasons why Forex is the most liquid market in the world:
Highly valuable asset class.
Globalize market.
Key player involved.
Large trading volumes.
Key Players
Governments
Central Banks
Hedge Funds
Large corporation
Brokers
Top 10 currency traders (2013)
Deutsche Bank
Citi
Barclays
UBS
HSBC
JPMorgan
RBS
Credit Suisse
Morgan Stanley
BOA
Retail Forex Trading
The retail Forex trading is only 5% of the overall market.
It is estimated at $50 - $100 billion in daily volume.
It’s the fastest growing segment of the market the last few years.
Thank you!
Further reading:
Forex Guides
Forex Affiliate Programs
Get in touch:
Web: http://online-affiliate-programs.com/
Email: [email protected]