Entry

what is forex?

Jul 24th, 2008 12:02
Sergey45, Articles Way, Taksh Verdhan, Khalid Saleh, Forex

FOREX (FOReign EXchange market) is an international foreign exchange 
market, where money is sold and bought freely. 
http://www.currencyexchange.wisepages.com
In its present 
condition FOREX was launched in the 1970s, when free exchange rates 
were introduced, and only the participants of the market determine the 
price of one currency against the other proceeding from supply and 
demand. 
As far as the freedom from any external control and free competition 
are concerned, FOREX is a perfect market. It is also the biggest 
liquid financial market. According to various assessments, money 
masses in the market constitute from 1 to 1.5 trillion US dollars a 
day. (It is impossible to determine an absolutely exact number because 
trading is not centralized on an exchange.) Transactions are conducted 
all over the world via telecommunications 24 hours a day from 00:00 
GMT on Monday to 10:00 pm GMT on Friday. Practically in every time 
zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong 
Kong, etc.) there are dealers who will quote currencies.
http://www.fahrs.com
http://www.lll4.com
http://www.businessesq.us
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