What is the Forex
ha exchange market in 1971 when it applied the policy of floating exchange rates, disengagement of the currency's strength balance Golden exporter currency, which led to the emerSgence of the value of the currency from the gold cover, and thus the value of the currency is subject to market forces of supply and demand. Perhaps the most important characteristic of the Forex market is that it is a market that depends on the location (Over-The-Counter Market); that any transactions are conducted between any two parties agreed to exchange (trade), whether by phone or electronic network. So you will not find a central market for the exchange of currencies such as the case of other financial markets as a market for the New York Stock Exchange (NYSE) a, other specialized financial markets. Among the most important exchange markets: * London 30% of the global exchange • New York 20% Tokyo * 12% * Zurich, Frankfurt, Hong Kong, Singapore 7% * Paris, Sydney, 3% In terms of volume of trade exchange market is the largest financial market ever, where the volume of trade exchange to 1.5 trillion U.S. dollars a day, which far exceeds what is traded in other financial markets, for example, is trading the equivalent of 60 billion U.S. dollars per day in the New York Stock Exchange. In view of this enormous volume of trade is this market the most liquid in the world, and also makes it impossible for any (individual or company) to influence the exchange rate (exchange) of any currency, and in fact even central banks and governments find it increasingly difficult to influence the exchange rates in the most liquid markets (the U.S. dollar, Japanese yen, the euro, Swiss franc, Canadian dollar, Australian dollar). Forex market is a market 24 hours a day - including the sense of the word meanings - the five-day week, there are dealers or brokers (Dealers) in each of the major time in the world, the market begins to practice the deals on Monday morning in Sydney - Australia (third night EDT) and then begin to practice the market work, respectively over the globe and without interruption until the end of the working day Friday at the fourth and a half U.S. Eastern Time (New York). 85% of the total transactions that are in the market is covered by the major currencies following: * U.S. dollar (USD) * Japanese Yen (JPY) * Euro (EUR) * Swiss Franc (CHF) * Pound sterling (GBP) * Canadian dollar (CAD) * Australian dollar (AUD) The exchange of U.S. dollar to other currencies in most deals, and the term price Altqatai (Cross Rate) is used when it is the exchange between two currencies other than U.S. dollars, and often is the process for exchanging one currency in U.S. dollars and then swap the U.S. dollar currency other (using the dollar U.S. broker Interactive), taking into account that there are some currencies to be exchanged without the need to use the dollar as an intermediary, such as an interactive GBP / EUR, EUR / CHF. The following pairs of reciprocal currency vast majority of transactions that are interactive in the currency market the most important are: · EUR / USD · USD / JPY · EUR / JPY · USD / CAD · EUR / GBP · GBP / US · USD / CHF · AUD / USD · AUD / JPY The most important tools used in the process of analyzing the market, which is no doubt that the investor if he wishes to decide on the process of trading (buying and selling) he must carry out financial analysis before the decision-making, so that it can reach the right decision and to maximize the returns process of trading, All agreed the literature that dealt with analysis of financial market trading currencies online on the two basic methods of analysis, namely: