The factors influencing exchange rates are very numerous,
making this market is very volatile. This volatility allows forex traders to
profit from the upward or downward movements of currency pairs presented.
What makes the Forex market different?
A 24-hour market: Unlike other markets, Forex is open 24
hours a day. This is because it is a global market where participants can
invest from different parts of the world.
Purchase money with money: Unlike other markets where money
is exchanged for physical goods (example gold) or a financial instrument in the
Forex market is money that is exchanged for money. Currencies are traded
against each other, thus transactions are always based on currency pairs.
No physical headquarters: In this market there is no
physical headquarters of exchange as the Madrid Stock Exchange or New York.
This means that there is no center where price data can be obtained or where
commercial activity is concentrated. The largest volume of transactions taking
place in the interbank market, where banks trade with each other on behalf of
individual customers. However, individual investors can also operate here with
ease through intermediary companies, suppliers.
One of the biggest attractions of investing in currencies is
that individual investors can make huge profits in this market (thanks to the
leverage effect) without leaving home. Investors today just participating in
the market from home using their accounts to buy or sell currencies. Besides
now many brokers are now offering trading accounts compatible with mobile
devices, allowing investors to remain active in this market at any time.
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