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Hub You - What is Forex?
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The largest foreign exchange activity is the
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The Forex market, which is the exchange of one currency to another, is the largest market in the world trading up to $2 trillion in one single day, to put this number into perspective the New York Stock Exchange trades on average less than 28 billion a day. In dollar volume the Forex market can trade in one week what the New York Stock Exchange trades in one year!
The largest foreign exchange activity is the s
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The Forex market, which is the exchange of one currency to another, is the largest market in the world trading up to $2 trillion in one single day, to put this number into perspective the New York Stock Exchange trades on average less than 28 billion a day. In dollar volume the Forex market can trade in one week what the New York Stock Exchange trades in one year!
The largest foreign exchange activity is the
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The largest foreign exchange activity is the
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The largest foreign exchange activity is the
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The largest foreign exchange activity is the spot exchange (i.e.., Immediate) between the US dollar and four other major currencies: British Pound, Japanese Yen, Eurodollar and the Swiss Franc. These four currencies are bought and sold against the US dollar.
Up until 1998 this was the exclusive market of the banks and large institutions that traded currencies among themselves, reaping huge profits. Wonder why the Banks and Insurance companies have the biggest buildings downtown?...currency trading.
In a recent article in the Wall Street Journal, Daimler Chrysler made more money
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