If you have traveled to another country, you had to find the usually currency exchange office at the airport, and then exchange the money you have in your wallet to the currency of the country you are visiting.
Go to the counter and notes display the exchange rates of various currencies. Find "the Japanese yen" and say to yourself, "WOW! The dollar is worth 100 yen ?! I have ten dollars! I'm going to be rich!" (Go the excitement when you stop at a store in the airport after it bought a can of soda, and all of a sudden, half the money goes.)
When you do this, I have been involved in the forex market I've currency exchange another. Or in terms of forex trading, assuming you of Americans who are visiting Japan, I've sold dollars and bought yen.
Before you go home you stop at the office to change the currency, and note that the exchange rate has changed. It is these changes in exchange rates that allow you to make money in the foreign exchange market.
In the foreign exchange market, which is commonly known as the "Forex" or "FX", is the largest financial market in the world. Trifle compared to $ 22.4 billion daily volume on the New York Stock Exchange, and the volume of foreign trade in the currency market today about $ 5 trillion.
Let's take a moment to put this in perspective using monsters ...
Largest stock market in the world, the New York Stock Exchange (NYSE), and has a daily trading volume of about $ 22.4 billion. If we want to represent the NYSE in the form of a monster it look like this ...
If you compare that to the foreign currency market, it looks like this ...
This chart g average daily turnover of the Forex market, the New York Stock Exchange, the Tokyo Stock Exchange, and London Stock Exchange:
From this drawing we see that the forex market is very, very huge
Go to the counter and notes display the exchange rates of various currencies. Find "the Japanese yen" and say to yourself, "WOW! The dollar is worth 100 yen ?! I have ten dollars! I'm going to be rich!" (Go the excitement when you stop at a store in the airport after it bought a can of soda, and all of a sudden, half the money goes.)
Before you go home you stop at the office to change the currency, and note that the exchange rate has changed. It is these changes in exchange rates that allow you to make money in the foreign exchange market.
Largest stock market in the world, the New York Stock Exchange (NYSE), and has a daily trading volume of about $ 22.4 billion. If we want to represent the NYSE in the form of a monster it look like this ...
If you compare that to the foreign currency market, it looks like this ...
This chart g average daily turnover of the Forex market, the New York Stock Exchange, the Tokyo Stock Exchange, and London Stock Exchange:From this drawing we see that the forex market is very, very huge
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