Introduction in Forex trading
Forex - is an international exchange market where one currency is traded for another. In essence, this is a great exchanger, but with much better conditions for the exchange: the minimum difference between the purchase price and sale price, almost no commission, the use of borrowed funds and trade 24 hours a day.
Since the forex market - is an international interbank market, the trade is conducted around the world 24 hours a day, 5 days a week, Monday through Friday. This is possible because of the change of time zones, and along with them - and banking sessions. There are 3 main sessions: Asian, European and American. Thus, the currency exchange does not stop, which increases the time available for trade.
First of all, commercial banks take part in foreign exchange. They make foreign exchange transactions for personal benefit, or at someone’s order. Second, central banks, which through the regulation of exchange may have an impact on the economy. Others represented at the scheme bidders, acting mainly through banks and their operations also may affect the exchange rate.
Forex - is a decentralized trading platform. In fact, this set of foreign exchange operations, which commits the bidders, as the result of trades finds its reflection in the market prices of currencies. In trading on the Forex participate huge number of banks.
As mentioned earlier, most companies that are not monetary institutions operate through banks. Brokers - are legal entities that have the right to conduct transactions of customers in the financial markets. A broker gives to his clients, including individuals, to market, provides the trading terminal and provides access to quotes. FxCompany is also a broker and works through Marfin Laiki Bank.
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