when trading currencies. The volume of daily transactions is about 1-3 trillion of US dollars. The advantages of Forex market are: Round-the-clock trading access: the ability to trade for 24 hours a day; Liquidity: the market works with a huge money and gives the customers complete freedom to open or close their position of different volume; Leverage: an ability. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement.
And want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). Spot Market and the Forwards and Futures Markets. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future these trades actually take two days for settlement. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. It exchange rate hong kong dollars to philippine peso dwarfs other markets in size, even the stock market, with an average traded value of around.S. It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value.
Remember, if you use to choose volume in your trading, it is only a clue as to where price might. On the picture below, you can compare histograms of tick and futures volumes: From theRead more
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