Gourt > Business > Investing > Commodities and Futures > Forex (9)
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. Retail traders (small speculators) are a small part of this market. They may only participate indirectly through brokers or banks and may be targets of forex scams.
Market size and liquidity
The foreign exchange market is unique because of:
- its trading volume,
- the extreme liquidity of the market,
- the large number of, and variety of, traders in the market,
- its geographical dispersion,
- its long trading hours - 24 hours a day (except on weekends).
- the variety of factors that affect exchange rates,
Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study Triennial Central Bank Survey 2004
- $600 billion spot
- $1,300 billion in derivatives, ie
- $200 billion in outright forwards
- $1,000 billion in forex swaps
- $100 billion in FX options.
| Rank | Name | % of volume |
| 1 | Deutsche Bank | 17.0 |
| 2 | UBS | 12.5 |
| 3 | Citigroup | 7.5 |
| 4 | HSBC | 6.4 |
| 5 | Barclays | 5.9 |
| 6 | Merrill Lynch | 5.7 |
| 7 | J.P. Morgan Chase | 5.3 |
| 8 | Goldman Sachs | 4.4 |
| 9 | ABN AMRO | 4.2 |
| 10 | Morgan Stanley | 3.9 |
Currencies :: Preparation
Currency and Money :: Financial Economics
waiting for $eurusd around 1.4850-1.4830 #fx #forex
QzKot (Q) Thu, 05 Nov 2009 15:18:18 -0000
waiting for $eurusd around 1.4850-1.4830 #fx #forex
Decision Making in Forex Money Trading: http://EzineArticles.com/?id=3212587
limalan88 (limalan88) Thu, 05 Nov 2009 15:17:42 -0000
Decision Making in Forex Money Trading: http://EzineArticles.com/?id=3212587
60 day guarantee to see if you like this Forex bot http://bit.ly/4ratva
steveb2u (Steve B) Thu, 05 Nov 2009 15:17:30 -0000
60 day guarantee to see if you like this Forex bot http://bit.ly/4ratva
UBS fined £8m for failing to have adequate monitoring & control systems, allowing forex trading using customer money http://bit.ly/3hIK7E
Veritape (Veritape Ltd) Thu, 05 Nov 2009 15:16:33 -0000
UBS fined £8m for failing to have adequate monitoring & control systems, allowing forex trading using customer money http://bit.ly/3hIK7E
Can. IVEY rises > than expected but Employ.component falls. $USDCAD falls then rises.http://bit.ly/1CFT1z #mkt #forex http://chart.ly/qasats
gregmikeFX (Greg Michalowski) Thu, 05 Nov 2009 15:16:23 -0000
Can. IVEY rises > than expected but Employ.component falls. $USDCAD falls then rises.http://bit.ly/1CFT1z #mkt #forex http://chart.ly/qasats
Forex Training - Must Read For Forex Beginners: http://EzineArticles.com/?id=3194019
fxAlHabib (Al Habib) Thu, 05 Nov 2009 15:16:20 -0000
Forex Training - Must Read For Forex Beginners: http://EzineArticles.com/?id=3194019
FXstreet.com - Offers real-time exchange rates, forex news, currency converter, market forecasts and charts.
Meta Description: [ forex portal offers real time foreign exchange rates, forex news, currency market overview, forex trading recommendations, technical analysis and currency forecasts, foreign exchange charts, currency converter, brokers ]
International Forex Traders Affinity Group - Negotiates the best trading conditions and discounts on related products and services for its members in the forex currency market.
Meta Description: [ IFXTAG based in New York, NY USA. Not a trading company. A Group of individual traders; negotiates the best trading conditions and great discounts on related products and services for its members in the forex currency market. ]
Oanda.com - Provides foreign currency exchange services to traders and online businesses.
Meta Description: [ Currency Trading with FXTrade, leader in online currency trading, provides real-time execution, free forex charts and quotes, and 24 hour forex trading. ]
Team Forex International - Provides support for traders in the forex (currency) markets.
theFinancials.com: Currency Library - FX market reports, newsletters, quotes, historical data downloads, news, and research.
Meta Description: [ Foreign Exchange and Interest Rate market reports, free newsletters, free quotes, historical data downloads, news, research and presentation-quality charts. ]
| Fibonacci Forex Trading | |
| Next Video | |
