Forex is a term used to describe the global currency market and could also referred to as FX. It is through this market are traded all the world's currencies. Has been set up this market in 1971 when world markets moved from fixed rates to variable exchange rates. As a result, the size of the market and the enormous liquidity, forex market became the largest and most important financial markets in the world.
Here are some key features of which are the source of the success of this market:
Forex market is open 24 hours, 5 days a week
Trading volume and high liquidity in the market provides ease of trading most currencies
You can profit from rising prices and falling at the same time
You can take advantage of doubling your winnings using leverage that can be used simple requirements
Seen special tools that help you and allow you to select your own risk
Forex market is a clear and transparent market, just do you have to do is follow the news and market information
Rate of exchange
Forex market plays an indispensable role to determine the global exchange rates. The exchange rate is the number of units of the country's currency that must be exchanged in order to get one unit of currency of another country. Market exchange rate between two currencies determined by official and private interaction between the participants in the foreign exchange rates in the market.
Participants in the market
The main participants in the foreign exchange market are: central banks, commercial banks, financial institutions, hedge funds, commercial companies and individual investors. The main reasons to share them in the foreign exchange market are:
Earn profits from fluctuations in currency (speculative)
Protection of currency fluctuation, which is derived from the trading of goods and services (fencing)
With technological development, the net has become global and easy way of trading, also can provide individual investors and traders access to all news forex market, technology, and tools