Forex Trading Daily Forecast EUR/USD

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FOREX TRADE

UDS-EUR-JPY

Forex – International Monetary Market. Foreign Exchange Market is a network of financial institutions that serve international business transactions. In this market are traded different currencies, futures and stocks. Forex does not have a designated place and does not imply a personal meeting or communication between the participants as they are in close and constant contact with each other with the help of various technical means. Transactions are carried out through computer terminals (programs) which are linked in network large banks (commercial banks), brokerage houses and customers. Commercial banks that are specialized in foreign exchange trading serve the currency market as dealers. In other words they conclude deals on behalf of its clients and for its own account.

In today's modern world, extensive information and communication network (Internet) it is possible to speak of a single global currency market. With the development of Internet and information technology in the Forex market were involved and small investors. This helped to the increasing of the liquidity (turnover) and the narrowing of spreads (spread - the difference between offers buy and sell) and the reduction of commissions (even their complete elimination). The volume of Forex is over 3 trillion dollars a day. In comparison with the turnover of the American Stock Exchange which is only 300 billion dollars. Forex market is the largest and the most liquid in the world. It works 24 hours a day, five days a week and the foreign exchange market is closed only for public holidays and at weekends. Forex trading begins with the opening of the market in New Zealand later in Australia and Singapore, followed by Japan, Europe and finally in the United States. So everyone who trades with currencies in the Forex market will be able to react immediately to the bad or good new and open or close a position in convenient for him time.

Forex Trading Daily Forecast EUR/USD

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