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
Trading in forex markets require patience and the ability to predict what happens next based on the data given.
forexcamp (Jim Blessing) Tue, 05 Jan 2010 14:35:15 -0000
Trading in forex markets require patience and the ability to predict what happens next based on the data given.
New blog post: Tom Strignano's Weekly Forex Analysis http://strignanoforextrading.com/blog/tom-strignanos-weekly-forex-analysis/
ForexTradingLab (Forex Trading Lab) Tue, 05 Jan 2010 14:33:47 -0000
New blog post: Tom Strignano's Weekly Forex Analysis http://strignanoforextrading.com/blog/tom-strignanos-weekly-forex-analysis/
Tom Strignano's Weekly Forex Analysis
ForexTradingLab (Forex Trading Lab) Tue, 05 Jan 2010 14:33:43 -0000
Tom Strignano's Weekly Forex Analysis
New post: Does The Forex Megadroid Have What It Takes To Make You A Successful Trader? (http://cli.gs/3S7yu) http://cli.gs/3S7yu
hass67 (hass67) Tue, 05 Jan 2010 14:33:42 -0000
New post: Does The Forex Megadroid Have What It Takes To Make You A Successful Trader? (http://cli.gs/3S7yu) http://cli.gs/3S7yu
Internet Marketing Against Forex Currency Trading - Forex Blog: http://bit.ly/5rMBAZ via @addthis
Maria0Maria (Maria0Maria) Tue, 05 Jan 2010 14:33:28 -0000
Internet Marketing Against Forex Currency Trading - Forex Blog: http://bit.ly/5rMBAZ via @addthis
#Forex: $AUDUSD stalls below 0.9180 resistance http://nn.nf/1bdbi
FXstreetNews (FXstreet.com News) Tue, 05 Jan 2010 14:32:51 -0000
#Forex: $AUDUSD stalls below 0.9180 resistance http://nn.nf/1bdbi
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. ]
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