Forex Market - $2 Trillion Daily
Forex market trading is trading currencies, money worldwide. Almost all
countries around the world are involved in the forex trading market, where money is bought and
sold, based on the value of that currency at the time.
Currencies that are not worth much, will not be traded heavily, compared to the currencies that are worth more,
where additional brokers and bankers are going to choose to invest in that market at that time.
Forex Market - Trading Internationally
Forex market trading does take place daily,
where almost two trillion dollars are moved every day - that is a huge amount of money.
Think about how many millions it does take to bring about a total of a trillion and then consider that this is
done on a daily basis.
If you want to get involved in where the money is, forex trading is one 'setting' where money is exchanging
The currencies that are traded on the forex market are going to be those from every country around the
world. Every currency has it own three-letter symbol that will represent that country and the
currency that is being traded.
For example, the United Stated dollar is USD, the Japanese yen is JPY. The Euro is the EUR and the British pound
Trades between markets and countries are going to happen every day. You can trade with a different
currency every day or you can trade within many currencies in one day.
Almost all trades through a broker, or any company and some type of fee are required. So you will want to be
sure about the trade you are making before making too many trades which are going to involve more fees.
Some of the most heavily trades occur between the Euro and the US dollar, and then the US
dollar and the Japanese yen, and then of the other most often seen trades is between the British pound and the US
The trades happen all day, all night, and throughout various markets. As one country opens trading for the day
another is closing. The time zones across the world affect how the trading takes place and when the forex market
When you are making a transaction 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 like this JPYzzz/USDzzz where the "zzz" represents the percentages
of trading for the percentage of the transaction.
Other instances could look like this USDzzz/AUS and so on. When reading and reviewing your forex statements and
online information you will understand it all much better if you are to remember these symbols of the currencies
that are involved.