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Written by ForexMomentum
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Saturday, 22 August 2009 |
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Tags: Education With over $3 trillion in average daily turnover, the foreign exchange market is five times the size of the U.S. futures market, making it the largest market in the world. Surprisingly, this sleeping giant is unfamiliar terrain for most individual traders and investors. Until the popularization of Internet trading a few years ago, forex was primarily the domain of large financial institutions, multinational corporations, and secretive hedge funds. But times have changed: the U.S. dollar recently fell to record lows, and everyone, from car dealers to bartenders, is waking up to the impact of currencies. |
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Written by ForexMomentum
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Thursday, 20 August 2009 |
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Tags: Education | Forex Market Forex – What is it? The international currency market Forex is a special kind of the world financial market. Trader’s purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration. The latter is a strong subject to the influence of any important for the human society event in the sphere of economy, politics and nature. Consequently current prices of foreign currencies, evaluated for instance in US dollars, fluctuate towards its higher and lower meanings.
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