Online Forex Market

The Forex markets, are highly liquid markets which are generating daily around $3.976 trillion globally. The forex is decentralized where the traders have to run their transactions through no of dealers that gives an opportunity of rate comparison. The forex market participants are Banks, commercial companies, central banks, retail foreign exchange speculators money transfer companies and hedge funds as speculators. The trade runs with any of two currencies in this pair of currencies first currency is called as Base currency and the second currency is Counter currency or trade currency. The forex markets are open 24 hours through out a business week depending upon the Greenwich Time zones , and over the count.

The US dollar is taking major in forex and secondly Euros. To do trade in forex market we should aware of some basic things.The trade takes place depending on two major strategies one is Fundamental analysis and Technical analysis. In technical analysis use the technology to find out the situations like where the currency started and where it is moving in the price list by observing and comparing the graph sheets and flow charts this is done through by using internet and software. Where as fundamental analysis is observing and understanding of government policies, interest rates and market conditions etc.

forex market, is the place where we buy and sell the foreign country currencies. In the forex market, the trading process takes place by buying the foreign currency for low prices and selling it with high rates which is connected to high risk. For example, when we are doing trades with US dollars, if one dollar is valuating 39 Indian rupees, we will buy this US currency. When the dollar value increased to 43 Indian rupees we will sell this dollar. This foreign exchange markets have been started at early 1970s.The value of the currencies in these markets depends upon the Demand and supplies and other considerations like growth rates of the countries Economy. These forex markets give the opportunity to Banks and other financial markets easily to buy and sell the currencies.