Do you know that
Forex (FX) - is the international currency market (FOReign EXchange market), which are the main actors in the big banks.
The history of this segment of the money market began in 1971. That's when international trade has made the transition from fixed exchange rates
to float. This meant that the forex transactions (exchange of currencies of different countries) among bidders began to occur at a specified
quotes on a specific date. In this case, the currency of each country has its own unique name that distinguishes it from others, such
Dollar - USD, EUR - EUR. Record EUR / USD currency pair is, which reflects the euro and dollar quotes to each other.
Determine the forex quote is very simple: it is formed by the demand and supply, while there will always be a price to
satisfy both parties to the transaction. According to the latest data from the Bank for International Settlements forex turnover exceeds
$ 4 trillion a day.
It gives a big boost to the development of online trading, the most modern way of making money on the Internet.