The market share of foreign exchange (FX) is the currency market through a global market. Also known as Forex, market allows investment and international trade occurs between buyers and sellers through the different time zones in the world. The terminology can be confusing to those unfamiliar with the practice and process. This glossary of terms Forex provides a basic explanation of what they mean in this industry.
Forex
The FX market is where currencies are traded. This is one of the largest, most liquid trading market in the world. Currency exchange markets include banks, corporations, investment companies, management companies, hedge funds and brokers Retail Forex. The forex market is the largest global financial markets, and thus is built by a global network of electronic communication that connects participants to each other.
Corridor
An agent of FX, FX retail broker, or foreign exchange deals runner with a fraction of the volume of the Forex market in general. These brokers have access to trading platforms through which currencies are traded on a regular basis.
Spot price
Spot Forex is the current exchange rate which may be a pair of currencies bought or sold, and differs from the interest rate. The spot price in this trade is the rate that is most commonly used by traders when trading with a Forex broker online retail.
FX account
The type of trading account a person opens with a forex broker for the retail trade. There are several accounts, but the original is often a Forex demo account. A demo account is used for training purposes, not actual losses or profits.
Market Hours
The time of the operation is conducted and market participants are able to buy, sell, exchange and speculate on currencies. The market is open 24 hours a day, five days a week. Due to the fact that the market operates in multiple time zones, trade can take place at any time.
Analysis
Forex analysis involves an examination of changes and trends in the currency market to be used by business to decide whether to buy or sell a currency pair would be appropriate. Usually technical analysis with the use of maps, tools, and current economic indicators.
Graphics
These are graphics that allow an operator to view FX historical exchange rates provided by the Forex charting software. This software can be accessed usually free to open a new trading account.
Forex
The FX market is where currencies are traded. This is one of the largest, most liquid trading market in the world. Currency exchange markets include banks, corporations, investment companies, management companies, hedge funds and brokers Retail Forex. The forex market is the largest global financial markets, and thus is built by a global network of electronic communication that connects participants to each other.
Corridor
An agent of FX, FX retail broker, or foreign exchange deals runner with a fraction of the volume of the Forex market in general. These brokers have access to trading platforms through which currencies are traded on a regular basis.
Spot price
Spot Forex is the current exchange rate which may be a pair of currencies bought or sold, and differs from the interest rate. The spot price in this trade is the rate that is most commonly used by traders when trading with a Forex broker online retail.
FX account
The type of trading account a person opens with a forex broker for the retail trade. There are several accounts, but the original is often a Forex demo account. A demo account is used for training purposes, not actual losses or profits.
Market Hours
The time of the operation is conducted and market participants are able to buy, sell, exchange and speculate on currencies. The market is open 24 hours a day, five days a week. Due to the fact that the market operates in multiple time zones, trade can take place at any time.
Analysis
Forex analysis involves an examination of changes and trends in the currency market to be used by business to decide whether to buy or sell a currency pair would be appropriate. Usually technical analysis with the use of maps, tools, and current economic indicators.
Graphics
These are graphics that allow an operator to view FX historical exchange rates provided by the Forex charting software. This software can be accessed usually free to open a new trading account.
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