Foreign exchange trading or forex trade simply put is one segment of commerce that is similar in many respects to trading in stocks, dividends, shares, commodities, mutual funds or futures. But there are some fundamental and structural differences that distinguish forex trading from the above. For instance there, are no real time markets like stock exchanges. Secondly, transactions and trade in foreign exchange goes on round the clock across all time zones. There are other differences as well.
We provide support to new and relatively inexperienced traders who rely on us thoroughly as we provide all round education by way of coaching and tutorials. We provide forex trading tips and have been doing so for quite a while now that has immensely benefited those who have been using our platform. We also suggest and advise traders and dealers to read our informative articles and reviews so that they can have a better grasp on the intricacies of the foreign exchange trading segment and to get more returns on their investments.
Trading in foreign exchange in the past essentially meant trading in different international currencies and used to be the exclusive preserve of banks and institutional investors and traders. But with the passage of time, individual traders and dealers have joined the ranks of bankers and big time investors. Moreover, rapid and continual strides being made in information technology have enabled individual and small time traders to reap the benefits through online forex trading.
Transactions are carried out by dealers and traders, both big time and investors who can invest only small amounts at major banks and on the various forex trading platforms. Did you know that the annual turnover on this front is approximately $1.2 trillion? That in essence implies that your transactions make a very minuscule impact. International trade and commerce would come to a standstill if currencies were inconvertible.
Our articles on foreign exchange trade enable all dealers and traders, including traders on our platform to pick up guidelines and tips on all sorts of trading pertaining to exchange mechanisms of different currencies, commodities trading, indices marketing and trading, futures and much more. One can catch up on articles relating to: –
- Introduction to forex
- Forex brokers and brokerage
- Technical analysis of forex
- Money management in forex
- Fundamental analysis of forex
- The psychology behind forex trading
- General tips on forex
The international framework for forex trade as it is carried out today in the forex markets worldwide was chalked out during the Bretton Woods conclave set the standards or benchmarks for financial and commercial liaisons amongst all the member nations of the UNO. The foreign exchange market is the most flexible and liquid of all financial markets. The daily mean turnover in the foreign exchange markets are growing throughout the world. Forex trade is carried out in over the counter (OTC) virtual exchanges as there are no real time stock exchanges and clearing houses. Our forex articles and forex tools help you to become an astute forex trader.