The Foreign Exchange

The foreign exchange market exists wherever one currency is traded for another. The foreign exchange market is by far the largest market in the world in terms of transaction value, and includes exchanges that occur between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The exchange activities taking place in the global FX markets amounted to more than 1.9 trillion dollars a day (on average). The Retail traders (small speculators) are a small part of this market. They may only participate indirectly through brokers or banks and may be victims of fraud, scams Call (English = scam to defraud).
What says Peter Garnham Financial Times website (Published: October 9, 2006 20:48) "The foreign exchange market will have doubled its size next year, in just three years, thanks to increased participation by operators funds and pension funds, as is supported by a research release Monday. Tower Group, a financial research and consulting firm, said he expected that the total daily volumes on the foreign exchange market will exceed 3,000 billion dollars in 2007. The volume of foreign market, grew by 1.77 trillion dollars in 2004 to 2 trillion last year, were intended to grow to 2.6 trillion dollars this year and up to 3.6 trillion dollars next year, by acceptance of currency market as an asset class in every respect, in the words of Tower Group. In recent years Forex trading has become very popular among private investors’ popularity was mainly driven by the possibility of using the leverage and the opportunity to exploit the market in both directions. Many of the major brokers give free trial accounts for beginners to practice trading. It is important to know the securities offered by FX broker and to know that there is always a possibility of loss. It is necessary to identify the level venture that will run.