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Thursday, February 25, 2010

Foreign Exchange Market



Forex or foreign exchange market is the largest financial market in the world. This market has an average daily turnover of U.S. $ 1.9 trillion dollars a day, which is greater than the combined volume of all U.S. equity markets

In foreign exchange market is a cash in foreign currency of the big banks. In this market, currencies are bought and sold and exchange rates are determined. Unlike Stock Market, Forex operates on a 24 hour clock which allows after-hours trading. The foreign exchange market gives you the freedom and flexibility to build your portfolio is not on your timetable the Stock Exchanges.

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