Saturday, April 2

What is Forex Information about Forex
Forex
 Forex or FX market is a place where financial speculation on changes in exchange rates of foreign currencies such as Euro, Dollar or Yen.Forex.fr offers traders
beginners and experienced currency exchange market, a selection of the best online brokers, a quote online, tools and training articles and a forum for discussion.
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 Economic Importance

 This market is global in nature, is the second largest financial market in the world in terms of overall volume, behind the interest rate. Nevertheless, it is the most concentrated and the first for the liquidity of most treaties, such as the euro / dollar: the average daily volume of trade was in 2007, 3210 billion USD, an increase of 71% volumes compared to the previous study in 2004 (to nearly four trillion dollars (four billion) daily). All figures below are from the three-year study on the foreign exchange market by the BIS (Bank for International Settlements):


 This average volume is broken down as follows:

    * 1 005 billion in spot transactions,
    * 362 billion in futures and
    * 1 714 billion in swaps
almost solely in OTC transactions,


The transaction volume were:

    * 43% between banks;
    * 40% between a bank and a fund manager or a nonbank financial institutions;
    * And finally to 17% between a bank and a non-financial
    * And also individuals who use the platforms of the banks
In every major bank, traders (traders said) made the 3x8, although generally at different locations. At a team located in Asia or Australia succeeds another located in Europe and then finally a third located in North America, and so on.
However, despite this world and this time spread across continents, a large proportion (31% of total volume in 2004, according to the BIS) to market activity is physically located in London.
The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day.


According to the latest BIS report dated 2010, trading on the foreign exchange market increased by 20% since 2007 to reach 4000 billion. The United Kingdom and the United States remains far ahead of trade, with more than 36.7% of market share to London and 17.9% for the United States. France is far behind with only 3% of world trade, a sharp decline since 1995.
Moreover, "the exotic currencies are gaining more and more gradually as the global economic center moves toward emerging markets. The U.S. dollar, though often disavowed, still holds the upper hand, representing 84.9% of daily transactions in 2010. The euro is in second place, but still far behind at 39.1%. Several traditional currencies such as sterling or the Swiss franc lost ground slightly in favor of alien values ​​as the Brazilian real, Singapore dollar or the Korean won. Thus, since 2007, the currencies of 23 emerging countries represent 14% of trade against only 1.7% three years ago.

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