Forex Market Concepts.
The forex market is a globally decentralized/OTC (over-the-counter) market that enables traders to buy, sell, exchange, as well as speculate on currencies. The forex market comprises of banks, investment firms, central banks, hedge funds, retail forex brokers, individuals, etc. You don't need to be a day by day trader to utilize the forex market. Each time you travel abroad and trade your cash into foreign money, you are taking an interest in the foreign trade, or forex market. In fact, the forex market is a monster of finance, overshadowing all other capital markets in its magnitude. When it comes to forex trading currencies, the concepts, as well as the strategies used in forex, are quite simple despite the considerable size of the forex market. Let us take a look at a few basic concepts about the forex market that every investor should understand. Currency Majors In contrast to the stock market, where financial specialists and investors have a v...