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fx-24.org - fx-24.org
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Every day in the FOREX market, approximately $2 trillion are traded, that's more than all of the equity markets in the world combined!
FX-24 Trading specializes in trading the OTC (Over the Counter), Spot global Foreign Exchange (Forex or FX) market.
Why the Forex Market?
Forex is the backbone of all international capital transactions. Compared to the slim profit margins rendered in other areas of commercial banking, huge profits are generally produced in a matter of minutes form minor currency market movements. Some banks generate 60% of their profits from trading currency aggressively.
Trading volume has been growing at a rate of 25% per year since the mid-1980s and therefore it is not difficult to accept the notion that the currency market is one of the world fastest growing industries. What used to require days to accomplish in Europe or Asia now oly takes a few minutes. Needless to say, technology has changed everything and millions of Dollars are moved from one currency into another every second of every day by major banks through computers and for the average investor, with the touch of a computer key.
Foreign exchange is the backbone of all international capital transactions. Compared to the slim profit margins rendered in other areas of commercial banking, huge profits are generally produced in a matter of minutes from minor currency options market movements. Some banks generate up to 60% of their profits from trading currency aggressively.
Understanding the Forex Market
Transactions in foreign currencies take place when one country\'s currency is purchased (exchanged) with another country\'s currency. The price agreed upon or negotiated for the currency purchased is referred to as the foreign exchange rate. Major commercial banks in the money market centers throughout the world are responsible for the majority of foreign currencies bought and sold.
24-Hour Trading
The currency market\'s are open without interuption for 24-hours per day. Each week, FX-24 Trading opens access to the Forex markets at 5:30 p.m. Sunday,New York time, as markets open in Sydney and Singapore. At 7 p.m. the Tokyo market opens, followed by London at 2 a.m., and finally New York at 8 a.m. Because the Forex markets are open around the clock, FX traders have the flexibility of determining their trading day. The 24 hr nature of the market allows Forex traders to capitalize on global economic news releases. At 2 AM EST, as Asia is releasing its economic data, FX-24 traders are able to enter the market while equities traders are left standing by.
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FX-24
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