Forex trading
When you think of markets, your first thoughts are
probably of stock markets; your chance to own a piece of
a blue chip corporation or the latest technology
upstart, or even a government or institutional mutual
fund.
Maybe you even turn your mind to commodity markets,
where commodity traders buy and sell things as diverse
as oil, gas, live cattle and coffee. However, neither of
these markets are the largest. The largest market in the
world, based on cash value traded, is the foreign
exchange, market or forex, for short. Various estimates
state that the average daily value of trades taking
place over forex trading is between $2 trillion and $3
trillion!
The forex trading market is different from the widely
known markets in one significant aspect: there is no
centralized market organizing the trade in foreign
currencies like the NYSE or the Chicago Board Of Trade.
Instead, the forex trading market takes place wherever
one currency is traded for another.
What currencies are traded on the forex market?
Any currency, of course, can be traded on the forex
market – all you need is a willing buyer and a wiling
seller. In practice, however, a small number of
currencies dominate the forex market. The most heavily
traded currency is the United States dollar. While the
dominance of the United States dollar was once
unassailable, it is now being challenged by the Eurozone
euro, and the Japanese yen is still heavily traded.
Rounding out the other major currencies are the British
pound sterling, the Swiss franc and the Australian
dollar.
Who participates in the forex market?
Since there is no centralized market for foreign
exchange trading, forex trading is a rather exclusive
club. Given the size of the forex market, you have to be
a major institutional presence to effectively
participate. Not surprisingly, the primary players in
the forex market are banks.
The core of the forex market is the inter-bank market,
where massive investment banks trade billions of dollars
worth of currencies with each other. Central banks –
like the U.S. Federal Reserve or the Bank of Canada –
also play an important role as they intervene in the
forex market to help control the price of their own
currencies. Hedge funds and other investment firms with
significant holdings are also involved in the forex
market.
Can individuals participate in the forex market?
As discussed above, large institutions such as banks
dominate the forex trading scene. Retail investors make
up a negligible amount of the market; nonetheless, given
the size of the forex market, this still accounts for as
much as $50 billion a day and is growing. However,
because forex trading is largely unregulated, investors
should be careful before putting any money into the
market. A large number of scams have come out in recent
years promising access to the inter-bank market. As
always, be sure you know what you are investing in
before you give your hard earned money to someone else
to invest.
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Review Our Directory for Foreign Exchange Of South Africa
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Our Best Web Links For Foreign Exchange Of South Africa
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1. Exchanging Money in South Africa - Travel Tips - American Express, Foreign C...
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2. Foreign Exchange Rates - Online Tips Foreign Exchange Rates
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3. Build Multiple Income
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4.
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http://www.university.studentexchange.us/ |
5. currency converter international finance, online forex, foreign exchange rat...
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7. Money and Foreign Exchange
... The following banks offer foreign exchange services: First ... most airports offer the best exchange rates, but it is also ... Johannesburg, Gauteng 2121, South Africa Tel: +27 11 465-5678 or ...
http://www.tagasafaris.co.za/Money.htm |
8. In South Africa, an anthem to white pride | csmonitor.com
... In South Africa, an anthem to white ... del.icio.us digg World > Africa from the February ...
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9. Exchange Rates. Foreign Exchange. Currency Information for South Africa
... Return to the Touch Africa Safaris Home Page These Currency and Foreign Exchange Rates are updated ... ... these rates frequently, as the value of the South African currency can vary considerably from day ...
http://www.safariafrica.co.za/currency-service.htm |
10. ☞ Check - Finance Professional Foreign Exchange Traveler Check
... Master Currency Foreign exchange bureaux located out of South Africa. Order foreign exchange online. Currency rate board, currency calculator and currency converter. Korea Stock Exchange Information ...
http://www.aboutcheck.com ...xchangetravelercheck/ |
11. Go24.co.za - Services - Foreign Exchange
http://www.go24.co.za/info/forex
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12. Global Finance Magazine - WORLDÃS BEST FOREIGN EXCHANGE BANKS 2005
... that has a presence on the continent outside of South Africa, Lesotho and Swaziland. The bank provides a highly efficient online foreign exchange dealing service. It offers a wide range of ...
http://globalf.vwh.net/content/?article_id=694 |
13. :: city of cape town - the official site ::
... Feedback Links - Financial Services Johannesburg Stock Exchange Securities Exchange Actuarial Society of South Africa Foreign Exchange Rates Financial Services Board The Banking Council The South ...
http://www.capetown.gov.z ...dev/links/finance.asp |
14. foreign exchange at Our Web Portal!
... South Africa Online - Foreign exchange rates / Forex rates for major currencies & gold price. The Foreign Exchange of Hate IDRF and the American Funding of Hindutva. © 2002, Sabrang Communications & ...
http://www.the-debt-conso ...com/foreign-exchange/ |
15. Forex Trading
http://forextradingcenters.com/
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