Essence of expertise

Essence of expertise!

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Main Players in Forex market

The Main Players in Forex market

In the currency market, traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor, whether from market news or events that take place around the world. Currencies, just like any other commodity that can be bought or sold, are subject to the laws of supply and demand. When more people want a particular currency, the cost of the currency in terms of other currencies will go up. When demand decreases or people do not want to hold a country’s currency, the value will go down. Before we describe the Main Players in Forex market let’s mention some interesting factors which moves forex.

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What is Forex?

What is Forex?

The Foreigh Exchange market (Forex, FX, Currency market) – is a global decentralized market for the trading of currencies. In terms of volume of trading, it is by far the largest market in the world with over $5 trillion in daily trading. Investors include banks, large institutions and individual traders from all around the globe. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

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History of Forex market

History of Forex market

The creation of the gold standard monetary system in 1875 is one of the most important events in the history of the forex market. Before the gold standard was created, countries would commonly use gold and silver as method of international payment. The main issue with using gold and silver for payment is that the value of these metals is greatly affected by global supply and demand. For example, the discovery of a new gold mine would drive gold prices down.

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