Forex markets - trading internationally
http://bit.ly/xYEmSw
Forex market trading is trading cash, currencies internationally. Most all nations around the world are concerned in the forex trading market, where cash is bought and sold, based primarily on the value of that currency at the time. As some currencies are not worth much, it's not going to be traded heavily; as the currency is worth a lot more, further brokers and financiers are going to choose to invest in that market at that time. Forex trading does occur daily, where just about 2 trillion greenbacks are moved every day - that is a enormous amount of cash. Consider how many millions it takes to bring about a total of a trillion and then think about that this is done on a day-to-day basis - if you want to become involved in where the money is, forex trading is one 'setting' where cash is exchanging hands daily. The currencies that are traded on the forex markets are going to be those from every country around the planet. Every currency has its own three-letter symbol that will represent that country and the currency that's being traded. For example, the Japanese yen is the JPY and the United Stated dollar is DOLLARS. The UK pound is the GBP and the Euro is the EUR. You can trade inside many currencies in 24 hours, or you can trade to a different currency each day. Almost all trades thru a broker are going to require some form of fee so you need to be certain about the trade you are making before making too many trades which are going to involve many costs. Trades between markets and countries are going to occur each day. Some of the most heavily trades occur between the Euro Buck and the US buck, and then the US greenback and the Japanese yen, and then of the other most frequently seen trades is between the English pound and the US dollar. The trades happen all day, all night, and thoughout numerous markets. As one country opens trading for the day another is closing. The time zones around the globe affect the way the trading happens and when the markets are open. When you are making an exchange from one market to another, involving one currency to another you will notice the symbols are used to explain the transactions. All transactions are going to look something similar to this EURzzz/USDzzz: the zzz is to represent the %s of trading for the proportion of the transaction. Other examples could look like this AUSzzz/USD and such like. When reading and reviewing your forex statements and online info you'll understand it all better if you're going to remember these symbols of the currencies that are involved.