Trading takes place in New York, Frankfurt, London, Tokyo and Sydney at all hours. Forex trading or foreign exchange currency trading involves selling one currency to buy another. Some of the most commonly traded currency pairs are USD-CHF (US Dollar / Swiss Franc), EUR-USD (Euro / US Dollar), USD-JPY (US Dollar / Japan Yen), and GBP-USD (British Pound / US Dollar).
The main Trading centers of the forex currency market are New York, London, Frankfurt, Tokyo, and Sydney. They are located in different time zones. So, this makes the forex market trade 24 hours a day.
There is no central exchange or location where the trading is conducted, and most trades are executed between two interested parties who use the phone or other electronic means to communicate. The main market for forex currency trading is the inter-bank market, in which banks, insurance companies, corporations and other large institutions trade to manage the risks associated with fluctuations in foreign exchange rates.
Currency Trading and the Benefits of Fx Trading
Currency trading is no longer reserved for large institutions. Anyone can learn how to trade forex, and do it from anywhere. Individuals can trade in the forex market from their homes by means of a high speed Internet connection.
To be successful, it is essential to have access to up to date information about the latest changes and trends in the forex market. You can sign up to get our Forex Trade Signals via e-mail, SMS. Please see our 'Trade Forex' FAQ Page for futher details.
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