Forex Currency Exchange
Currency trading can be carried out on various platforms, but the most famous of them is still the forex exchange.
Moreover, this exchange is also the most accessible for the average trader, as it is widely used for speculative currency transactions.
The Forex currency exchange operates on the basis of market laws, meaning exchange rates are formed by supply and demand, with artificial regulation completely excluded.
Large players can influence the price only by purchasing or offering for sale large volumes of currency.
Forex currency turnover amounts to several trillion US dollars per day; according to various estimates, this amount is between 3 and 5 trillion, depending on the demand for the currency and market sentiment.
During periods of high interest, turnover increases several times.
The main players on the forex currency exchange are large brokers, also known as market makers. They execute multi-billion dollar transactions and shape the exchange rate by regulating the supply and demand of currency.
The forex currency exchange has no designated trading venue; all transactions are conducted electronically directly between the trading participants. This approach ensures the market operates virtually around the clock, excluding holidays and weekends.
The main commodity traded on Forex is currency; only freely convertible world currencies are involved in transactions, ensuring sufficient liquidity for all instruments.
Recently, trading has also begun in cryptocurrencies, and this asset is also enjoying immense popularity among traders.
All transactions are specified in terms of currency and cryptocurrency pairs, an approach that standardizes and simplifies the trading process.
Buying or selling a desired asset doesn't necessarily require actual delivery. Simply opening an order in the desired direction and maintaining that position is sufficient. As a result, you profit if the price moves in your favor, or lose if it moves against you.
For this reason, virtually anyone can trade on Forex these days. Simply choose a broker to represent you on the exchange and deposit a certain amount of funds.
You can learn the practical aspects of trading in just a few days, but the key is to understand the principles of exchange rate movements and the psychological aspects of market functioning.
It's entirely possible to make money on the Forex currency exchange; record earnings sometimes reach over 1000% of the initial deposit per day, but you could just as easily lose all your investment.
The basics of trading are described here - http://time-forex.com/azbuka
Trading on the forex market exhibits all the hallmarks of gambling, so when taking your first steps, you should be extremely cautious and careful. It's novice traders who most often lose all their money due to excessive leverage.
