You’ve probably heard traders or economists talk about the Forex market dozens of times.
Since the late 1990s, it has become somewhat of a financial buzz word.
But what does this acronym actually mean?
It’s a combination of foreign and exchange; and it refers to the largest market in the world: which is the market for currencies. Today, well over 1 trillion dollars per day is traded on the currency exchange market.
This amounts to roughly one thirteenth of the US GDP. This amount absolutely dwarfs what is traded on equity and commodity markets on a daily basis.
So why is exchanging currency so popular? Why do more people want to trade on the currency exchange market than on markets for commodities and equity?
Well, to give a simple answer: many of the people in the market for Foreign exchange aren’t investors. For instance, some of the biggest players in the money exchange market are multi-national corporations, who need to constantly swap currencies, so they can purchase inputs or finished products from producers in other countries.
Other major players in the foreign currency exchange market include federal...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
