you are new to the forex market !!! Where Do Customers Go?
The forex market is similar to the stock market
Forex trading
uses currency and stock markets from a variety of countries to create a trading
market where millions and millions are traded and exchanged daily. This market
is similar to the stock market, as people buy and sell, but the market and the
over all results are much much larger. Those involved in the forex trading
markets include the Deutsche bank, UBS, Citigroup, and others such as HSBC,
Braclays, Merrill Lynch, JP Morgan Chase, and still others such as Goldman
Sachs, ABN Amro, Morgan Stanley, and so on.
how get involved in the forex trading markets
To get
involved in the forex trading markets, contacting any of these large broker
assistance firms is going to be in your best interest. Sure, anyone can get
involved in the forex market, but it does take time to learn about what is hot,
what is not, and just where you should place your money at this time.
how banks make money
International
banks are the markets biggest users on the forex markets, as they have millions
of dollars to invest daily, to earn interest and this is just one method of how
banks make money on the money you save in their bank. Think about the bank that
you deal with all the time. Do you know if you can go there, and obtain money
from 'another' country if you are heading out on vacation? If not, that bank is
most likely not involved in forex trading. If you have to know if your bank is
involved in forex trading, you can ask any manager or you can look at the
financial information sheets that banks are to report to the public on a
quarterly baiss.
who controls all the trades that occur in the forex markets
If you are
new to the forex market, it is important to realize there is no one person or
one bank that controls all the trades that occur in the forex markets. Various
currencies are traded, and will originate from anywhere in the world. The
currencies that are most often traded in the forex markets include those of the
US dollar, the Eurozone euro, the Japanese yen, the British pound sterling and
the Swiss franc as well as the Australian dollar. These are just a few of the
currencies that are traded on the forex markets, with many other counties
currencies to be included as well. The main trading centers for the forex
trading markets are located in Tokyo, New York and in London but with other
smaller trading centers located thought out the world as well.
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