Forex
Forex stands for FOReign EXchange , which means currency market or on
which currencies are traded against each other, exchange rates that vary continuously .
For a long time , the forex market was restricted to professional ,
that is to say, institutional investors , banks, businesses and managers
funds. However, with the advent of the Internet in the early 90s and trading platforms
for individuals, the forex market is open to new types of investors. These are
generally individuals who go through online brokers to invest in pairs
currencies. ( the Euro against the U.S. Dollar for example - EUR / USD).
Generally, they can not place are as important as investors
Institutional so online brokers specializing in currencies, also called brokers
Forex make available special trading accounts from a sum ranging
from 100 to 2000 euros and more of course.
Schedules forex
Forex operates continuously from Monday morning at 9 am Eastern Time Wellington New
Zealand, Friday 17h, New York time , that is to say, on Sunday evening at 21h GMT
Friday night 23h GMT .
Examples of currency pairs traded on the Forex
U.S. Dollar / Swiss Franc ( USD / CHF)
Australian Dollar / Yen (AUD / JPY)
Euro / Norwegian Krone (EUR / NOK)
Euro / Czech Koruna (EUR / CZK)
Euro / Hungarian Florin (EUR / HUF)
Euro / Yen ( EUR / JPY)
Pound / Australian Dollar ( GBP / AUD)
British Pound / Canadian Dollar ( GBP / USD )
British Pound / Swiss Franc ( GBP / CHF)
