How forex trading works

How forex trading works

The unstable economic situation in the country intensifies the already close attention directed to
the currency market of Forex. More and more new traders want to try themselves in this difficult
role.
 Usually opinions about the Forex market are divided equally: the first claim that earnings on
Forex is a myth, the second believe that this is an easy way to cut down the jackpot.


 It is predictable that both the first and the second are wrong. Both beginner and professional
with a capital letter - all can provide themselves with the help of the foreign exchange market.
The very market of currency trading does not have a one-place space for sales transactions in
physical terms, which is why the market is called over-the-counter.
Among the participants of the market of currencies are representatives of different levels, such as
banks of central and commercial value, various funds, and exchange associations, firms for
foreign trade operations, brokers and individuals.
 During the day around the world, the participants in the Forex market are engaged in
transactions with the help of a connected information trading terminal. Thanks to the developed
means of communication, it became possible to connect the capitals all over the world to a
common system, the main part of the trade in which is executed electronically.
 Due to the fact that the main money turnover falls on banks, Forex is among other things called
the interbank market. The Central Banks state currency rates at the level, necessary for the
interests of the country.
 International funds create long currency trends with the help of long-term deposits. Trading
exchanges organize the sale of various assets, while the main role in the formation of the
exchange rate is played by the Forex market.