Forex Market Basics (if you still have not followed our page, do follow us http://bit.ly/2IblW9d subscribe to our YouTube channel for live trading examples https://www.youtube.com/channel/UC220CmkLHzZ0nFaI4N2ajqQ) In forex markets, currency pairs are traded in varying volumes according to quoted prices. A base currency is given a price in terms of a quote currency. Forex is considered to be world’s largest and most liquid financial market, trading 24 hours a day, five days a week. The daily global average volume of forex trading was approximately $3 trillion as of 2019. The bulk of this trading is conducted in U.S. dollars, euros and Japanese yen and involves a range of players, including private banks, central banks, corporations, financial companies, individual retail traders and large institutional investors such as pension funds. The primary reason for the forex market’s existence is that people need to trade currencies in order to buy foreign goods and services, although speculative trading may be the main motivation for certain investors. Activity in the forex market affects real exchange rates and can therefore profoundly influence the output, employment, inflation and capital flows of any particular nation. For this reason, policymakers, the public and the media all have a vested interest in the forex market. #NMBO472

Forex Market Basics

(if you still have not followed our page, do follow us
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subscribe to our YouTube channel for live trading examples
https://www.youtube.com/channel/UC220CmkLHzZ0nFaI4N2ajqQ)

In forex markets, currency pairs are traded in varying volumes according to quoted prices. A base currency is given a price in terms of a quote currency. Forex is considered to be world’s largest and most liquid financial market, trading 24 hours a day, five days a week.

The daily global average volume of forex trading was approximately $3 trillion as of 2019. The bulk of this trading is conducted in U.S. dollars, euros and Japanese yen and involves a range of players, including private banks, central banks, corporations, financial companies, individual retail traders and large institutional investors such as pension funds.

The primary reason for the forex market’s existence is that people need to trade currencies in order to buy foreign goods and services, although speculative trading may be the main motivation for certain investors. Activity in the forex market affects real exchange rates and can therefore profoundly influence the output, employment, inflation and capital flows of any particular nation. For this reason, policymakers, the public and the media all have a vested interest in the forex market.

#NMBO472

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