Sunday, January 25, 2009

FOREX & CFD Markets

Forex (FOReign EXchange market) — is an interbank market emerged in the seventies of the 20th century because of the cancellation of fixed currency exchange rates and following shift to floating rates. From now on, exchange rate of a currency was determined by its supply and demand in the market.

Nowadays Forex is not a “market” in traditional interpretation - there is no single center or geographical location in contrary to stock exchanges, for example. Operations are carried out over phone and special terminals simultaneously in hundreds of banks allover the planet.

In the past, minimum Forex transaction was 100,000 units. But due to increased interest from speculants, retail Forex brokers appeared - they started to offer credit services for Forex market trading. Then, it began to be enough for a customer to have just 1 hundredth fraction of a total amount to carry out an operation. Such services are normally called margin calls or leverages,and they are highly popular because of a high volatility of the most common currency pairs.
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FOREX & CFD Markets

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FOREX & CFD Markets

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