Back in prehistory, there was no concept of currency. A cow was a cow and a sheep was a sheep. People bartered goods for other goods. The problem was that when you traded ten sheep for five cows, you had to find somewhere to keep the cows. Cows are large; they don’t fit in your pocket. Something had to change.


Urban societies started to emerge in Mesopotamia about 5300 BC. Wealth was based on agricultural products – primarily grain. Grain was stored in temple granaries, and when people made deposits, they needed receipts – the receipt came in the form of a piece of metal.

By 3000 BC, this evolved into the shekel, a measure of barley. Shekels could be converted into metals such as copper, silver and gold.

Then, around 1700 BC, the Code of Hammurabi established formal laws in Mesopotamia. This included rules around the use of money in Mesopotamian society. Money was born.


The problem with most early money was that there wasn’t any standard measure. A piece of gold could be small or large, so there was no way to place a consistent value on traded goods.

Coins solved this problem. They had a standard weight, and were stamped with symbols by the state to prove their authenticity. The first standardised metal coins appeared in Greece in the seventh century BC.

The Gold Standard

The Gold standard

The value of a coin continued to be determined by its weight into the early 17th century; a Dutch Guilder had one weight and a French franc had another.

However, as trade grew, coins became more and more impractical. Banks started to issue money in large denominations, using cheap materials such as paper. Physical money no longer had an intrinsic value; instead it could be redeemed at banks for gold or other precious metals.

After the Napoleonic wars of 1803-1825, a number of nations fixed the value for their currencies against gold, and promise to redeem the notes directly. Currencies could now be exchanged based on their fixed values.

The World at war

The gold standard continued until World War I. However, there were growing concerns about some countries’ ability and willingness to redeem their banknotes.

The chaos of World War I put an end to the gold standard, and nothing replaced it until 1944.

Although the gold standard was dead, international financial institutions did start to emerge between the wars. The most important was the Bank or International Settlements (BIS), founded in Basel in 1930. Its charter was to support countries without mature financial systems, or those with balance of payments deficits.

What is Forex Market?

What is Forex market?

The forex market has continued to be the leading most liquid financial market, and it prides itse with a daily capitalization of over $4 trillion. Forex stand for foreign exchange and it defines the place where private investors or individuals, corporate firms, financial houses and nations conglomerate to make profit off the differentials in forex rates. Currencies normally are traded in pairs. What this means is that every currency will pair against another currency and at all times would have a price which is termed the forex rate or simply the price. If you’re trading the Euro and the US dollars and you experience a fall in both currencies of around 10%, this would mean you being on the same spot as you initial were. There would be virtually no loss if you employed either currency in the purchase of the other, hence their ratio is similar.

Profit making is the main objective of the forex market. The forex market exposes market participants to high risk as well as high yields. Anybody can take part in the forex market from anywhere in the world, either personally or with the aid of a forex brokerage firm. It’s simply not just a place for individuals; other market participants including major banks, as well as regional central banks are strongly rooted in the forex market. It is a highly sophisticated marketplace.

The whole idea about forex trading was conceived in the 1970s, when we saw the introduction of free exchange rates and floating currencies. At this instance only banks could carry out forex transactions, but nowadays we have individuals with surplus cash as well as insufficient funds play in the markets. The forex market is free of control and manipulation by anybody, group of persons or even organizations. It is the concept of supply and demand that drives the market, and investors every investor has the legitimate right to set prices, and it is the cumulative effect of the actions of various players that would finally determine price direction.

With the advancements of the internet, we have seen a new dimension to the forex market and it has become more comfortable and convenient. At the same time, we have seen an increase in automation in the entire process of trading, resulting in increased profits. A firm knowledge of the market is vital for anyone who wishes to climb up the ladder and become a professional trader.

You find a number of market participants who are able to multiply their money in days, sometimes hours as a result of the rapid fluctuations that are seen within the forex market. In the same vein it is possible to lose all of your cash in a short period of time.

This is why a lot of market participants agree that it is wise that you only speculate with funds that are utterly disposable. What this implies is that, it is possible that you’ll lose all that money and still be alright from a financial standpoint. This advice is disregarded by a whole lot of investors out there, especially the new comers who have sadly invested a great deal into their new trading venture.

Fundamentals of Forex Trading

Fundamentals of Forex Trading

Just before an investor decides on entering the market, it is required of him to possess background knowledge on the subject of the forex market. He ought to learn about what drives the market and produces price fluctuations. With the market continuing to run round the clock, most times it becomes difficult to take part in trading activities during the wee hours of the day. Normally, it is possible to earn profits during times like this. Automation of trade becomes crucial and is the best solution for anyone. A robust, tested and reliable forex robot can be of great help in aiding you optimize profits by measuring the market’s peak and bottom, and placing profitable trades on your beha.

It really doesn’t matter if you’re a newbie or a professional, the market can be aggressive, and receiving tips from a seasoned foreign exchange broker can be of enormous help. When you seek the help of an experienced forex broker, you’ll gain smooth ascend on the ladder of success than doing it alone. Your measuring tool for a forex broker should be an efficient support line, competitive spreads and a licensed broker.

How to Trade the Forex Market?

You’ll notice that there are three ways to trade the market, and we find financial institutions, private investors and corporations doing so via: the spot market, the futures market and the forwards market. Trading foreign exchange in the spot market has always seen the largest volume due to the fact that the futures and forwards market are based on it.

However, we have seen the futures market in the past as the most popular playing ground for trader’s due to its easy access to individual investors for a prolong period of time. The spot market saw a spike in participation, which was largely due to the advent of electronic trading via the internet and it now surpasses the futures market as preferred marketplace for speculators of all kinds. When people talk about the forex market, they are simply referring to the spot market. You’ll find companies that require hedging their forex exposure over a specified date in the future, turning to the forwards and futures markets.

One of the questions we get asked all the time is: “What is forex trading? When did it start? How big is it? Who are the major players? What makes currency rates change?”

What is Foreign Exchange?

About Forex

Forex is the international market for the free trade of currencies. Traders place orders to buy one currency with another currency. For example, a trader may want to buy Euros with US dollars, and will use the forex market to do this.

The forex market is the world’s largest financial market. Over $4 trillion dollars worth of currency are traded each day. The amount of money traded in a week is bigger than the entire annual GDP of the United States!

The main currency used for forex trading is the US dollar.

When did forex start?

As the world continued to tear itself apart in the Second World War, there was an urgent need for financial stability. International negotiators from 29 countries met in Bretton Woods and agreed to a new economic system where, amongst other things, exchange rates would be fixed.

The International Monetary Fund (IMF) was established under the Bretton Woods agreement, and started to operate in 1949. All exchange rates changes above 1% had to be approved by the IMF, which had the effect of freezing these rates.

By the late 1960’s the fixed exchange rate system started to break down, due to a number of international political and economic factors. Finally, in 1971, President Nixon stopped the US dollar being converted directly to gold, as part of a set of measures designed to stem the collapse of the US economy. This was known as the Nixon shock, and lead to floating rate currency markets being established in early 1973. By 1976, all major currencies had floating exchange rates.

With floating rates, currencies could be traded freely, and the price changed based on market forces. The modern forex market was born.

What factors influence currency exchange rates?

As with any market, the forex market is driven by supply and demand:

»   If buyers exceed sellers, prices go up
»   If sellers outnumber buyers, prices go down

What factors influence currency exchange rates?

There are many different players in the forex market. Some trade to make profits, others trade to hedge their risks and others simply need foreign currency to pay for goods and services.

The participants include the following:

»   Government central banks
»   Commercial banks
»   Investment banks
»   Brokers and dealers
»   Pension funds
»   Insurance companies
»   International corporations
»   Individuals

When is the forex market open?

Unlike stock exchanges, which have limited opening hours, the forex market is open 24 hours a day, five days a week. Banks need to buy and sell currency around the clock, and the forex market has to be open for them to do this.

The following factors can influence exchange rates:

»   National economic performance
»   Central bank policy
»   Interest rates
»   Trade balances – imports and exports
»   Political factors – such as elections and policy changes
»   Market sentiment – expectations and rumours
»   Unforeseen events – terrorism and natural disasters

Despite all these factors, the global forex market is more stable than stock markets; exchange rates change slowly and by small amounts.

What are the advantages of the forex market?

The forex market has many advantages. These include the following:

»   It’s already the world’s largest market and it’s still growing quickly
»   It makes extensive use of information technology – making it available to everyone
»   Traders can profit from both strong and weak economies
»   Trader can place very short-term orders – which are prohibited in some other markets
»   The market is not regulated
»   Brokerage commissions are very low or non-existent
»   The market is open 24 hours a day during weekdays

Despite all these factors, the global forex market is more stable than stock markets; exchange rates change slowly and by small amounts.

What is Forex Trading?

What is Forex Trading?

Start forex trading today and make money in the world’s largest financial market. Discover the benefits of forex trading with Edeal:

»   Get access to forex trading tools designed for the forex trader
»   No commission
»   Low spreads save you money on forex trading
»   Free demo account to learn forex trading
»   Start trades with as little as 2 cents
»   You choose the level of forex trading leverage: 1:10 to 1:500
»   Get rewarded with lucrative forex trading bonuses
»   Trade all major currency pairs

Learn forex trading with a free demo accountor open a live forex account and make trades beginning at just 2 cents. You’ll pay no commission and earn attractive bonuses – the more fx trading you do, the more you earn!

We give you access to our daily fx trading tips, letting you stay on top of the market and learn forex trading as you do. When you trade with edeal can achieve forex trading leverage of up to 1:500, so you only need $20 to trade $10,000.

What is forex trading? How do people make money in the forex market?

When you go on vacation, you buy foreign currency. When you return, you change back the foreign currency that you have left. The problem is that you lose money, because you pay a high rate when you buy foreign currency and get a low rate when you sell. This is the spread, and it’s how the bureau de change makes a profit.

What if the spread were very small?

»   You buy $1,000 in London
»   The bureau de change is selling at 1.60 USD/GBP and buying at 1.62 USD/GBP
»   You pay £625 for $1000
»   You would lose £7.72 if you sold the $1,000 back right away – but you don’t
»   You wait two weeks and the dollar gets stronger
»   The bureau de change is now selling at 1.57 USD/GBP and buying at 1.59 USD/GBP
»   You sell your $1,000 and get £628.93
»   You’ve made £3.93 on forex trading

You can’t get small fx trading spreads from a bureau de change, but you can get them from a forex broker. You can also do fx trading on margin, so you only need to come up with 1% of the money if you have leverage of 1:100. That means you would only have to invest £6.25 to make the £3.93 profit above. Of course, your forex trading profits aren’t guaranteed; the dollar could go down as well as up.

With Edeal , you can do forex trading from anywhere in the world, and in most major currencies. Start trading today with Edeal :

»   Learn forex trading free with a forex trading demo account
»   Open a real forex trading account with no paperwork and start forex trading today
»    Download our forex trading terminal – including forex trading analysis tools
»   Get daily forex trading tips

The Best Time For Trading

The Best Time For Trading

There are no hard-and-fast rules for when to trade, but the following are general guidelines.

Specific currencies

For some currencies, there are preferred trading windows:
»   8:00 – 20:00 is best for British pounds, Swiss francs and Euros
»   01:00 – 06:00 and 13:00 – 20:00 are best for yen (by CET time)

Economic news

Economic news can affect exchange rates, and it’s released according to a calendar. When news is going to be published, you can do the following:

»   Place your orders just before the news is released if you want to speculate on it
»   Stay out of the market if you want to avoid the effects

Time intervals

When you track the market, you can use different time intervals. Specific codes are used for these intervals, as shown in the table below.


There is no best time for D1. However, you should check the new candlestick quickly after an interval ends.


Again, there’s no best time. You should check every 4 hours and look for buy and sell signals.

Time intervals

When you track the market, you can use different time intervals. Specific codes are used for these intervals, as shown in the table below.

Code Interval
D1 1 day
H4 4 hours
H1 1 hour
M30 30 minutes
M15 15 minutes
M5 5 minutes

H1, M30, M15 and M5

The best time is when the market is fluctuating the most. This normally happens at the following times:

»   03:00 – 05:00
»   10:30
»   13:00
»   16:00 -19:00 – peaks occur at 16:45 and 18:30

The Biggest in the World of Finance

The Biggest in the World of Finance

In 2013, the Triennial Central Bank Survey of Foreign exchange and OTC Derivatives Market Activity provided statistics on the amount of currencies traded daily, and has stated an average of $4 trillion traded daily. The break-down of this amount shows that $1.490 trillion were traded in spot transactions, $475 billion in outright forwards, $1.765 trillion in foreign exchange swaps, $43 billion in currency swaps, and $207 billion in options and other forex products.

Where is the Forex headquarters?

Where is the Forex headquarters?

People often wonder where the forex market is located. Is it in Tokyo? Are the headquarters in the City of London?

In fact the forex market isn’t located in any one place. The world’s largest financial market is decentralised and trading happens all around the world. Nearly four trillion US dollars are traded globally every day.

Stocks and commodities are traded in dedicated buildings known as exchanges; for example, the New York Stock Exchange (NYSE) is on Wall Street. The forex market is different. Because it deals with interbank transfers, it has no offices. All trades are carried out electronically or over the phone, so there’s no need for an exchange building.

Trading starts in Sydney on Monday morning, and continues day and night until the Chicago session ends late Friday afternoon. Many world financial centres are involved in forex trading, including the following:

  • »   Tokyo
  • »   Hong Kong
  • »   Singapore
  • »   Frankfurt
  • »   London
  • »   New York
  • »   Chicago
  • »   Wellington
  • »   Sydney

Forex trading is often carried out through brokers, who negotiate deals on their clients’ behalf. Brokers have dealing centres, which are physical offices. They provide their clients with trading terminals and support services, so that clients can get quotes and make trades.

Edeal is a forex broker, and we’re a market leader. Open a forex trading account today!

Central banks

Central banks

Central banks are the apex financial institutions of their respective countries. In some countries, central banks are known as Reserve Banks. In addition to overseeing the commercial banking system in a country, a central bank is also in charge of printing of a nation’s legal tender as well as exerting monetary policy controls on a nation’s economy. Examples of central banks are the Federal Reserve Bank (US), the European Central Bank (ECB), the Bank of Canada (BoC), the Bank of Japan (BoJ) and several others. Every nation in the world has a central bank.

Structure of a Central Bank

Generally speaking, a central bank has a head, known as the Governor or the Chairman, and a board of governors. They are responsible for the management of the bank. A central bank will also have several departments which are in charge of the various functions of the bank. So a central bank will have a division that conducts banking supervision and regulation of banks, another division for currency operations (printing, circulation and money supply controls), and another division for carrying out monetary policy functions. The exact structure of a central bank will differ from one country to another, according to the peculiarities of each nation’s financial sector.

Functions of the Central Bank

  • »   Monetary policy is the primary task of any central bank. Monetary policy refers to issues such as determining what currency a country will have, whether that currency will have a fixed or floating exchange rate, issues pertaining to determination of interest rates and foreign reserve maintenance policies.
  • »   The central bank is also in charge of printing and circulation of a nation’s legal tender, as well as the control of the supply of a nation’s currency.
  • »   A central bank is also in charge of maintaining a country’s foreign reserves, and in determining what currency a nation will hold reserves in.
  • »   Stability of a nation’s financial system is another function of the central bank. In this role, a central bank becomes a lender of last resort. We saw this function exerted by the Federal Reserve Bank in the US in providing $700 billion bailout for the US banking and automobile sector under the Troubled Assets Relief Program (TARP) following the collapse of several banks in the US during the global financial meltdown of 2008.
  • »   A central bank also serves as the bank for the host nation’s government and its agencies.
  • »   Central banks provide emergency lending to commercial banks by providing a lending window at the interest rate it has determined. This is another way of functioning as a banker of last resort.
Forex Market Participants

Forex Market Participants

All operations on financial market are done via the system of special institutions: central banks, commercial banks, dealers and brokers. Every Forex participant has its own volume of deals on the currency market. For example, central banks have the biggest turnover that exceeding hundreds of millions US dollars a day. Commercial banks and dealers have smaller turnover. Daily turnover of brokers is considered to be about 25-30 millions of US dollars that makes 2% from the general volume of all Forex trading.

Central banks of countries

These banks regulate money and credit flows with instruments defined by law. The main functions of central banks are emission (issue) of money, carrying out of monetary and credit policy and national currency policy. For example if a bank carries out currency intervention it may lead to the rise or fall of the national currency rate.

Commercial banks

These are financial intermediaries that accept deposits from legal and private persons, take advantage of investing this money, return it to depositors, close and operate bank accounts.

Every country has some big commercial banks that are able to influence currency rates. In 2006 the Deutsche Bank turnover was of 19.26% from the whole Forex market turnover.


Brokers are legal or private persons that represent agents or negotiators in trading who meet buyer and seller of securities or currency together. Broker works in the name, by order and at the expense of his client and may provide some additional services. Broker gets a commission bonus for fuilling customer’s orders.


Dealers are companies or private persons that operate on the market at their own expense and in their own name, in other words they sell and buy currencies or any other assets with their own money.

Forex Currencies

Forex Currencies

Basically, the Forex currency market is the sum of all transactions made by its participants (banks, exchanges, funds, investment, brokerage and external trading firms, as well as private persons, i.e. traders) to exchange some types of currency. Each second, the Forex market processes thousands of transactions, bringing profit to participants.

The word value comes from the Latin “valeo”, “I stand”.

Valuable currencies today are:

  • »   Monetary units of countries with indication of type (paper, gold, silver);
  • »   Monetary units of a number of foreign countries, including payment and credit documents expressed in such monetary units and usable for international accounts (cheques, bank bills etc.)

GBP (Great Britain Pounds) – the pound sterling, Britain’s national currency. Financier slang also includes the names sterling, pound, and cable.

CHF – the Swiss franc. The slang term swissy is used alongside the official name.

JPY – the Japanese yen.

The Forex currency market also uses:

AUD – the Australian dollar, often referred to as the aussie by financiers.

СAD – the Canadian dollar.

NZD – the New Zealand dollar, also known as the kiwi among Forex currency market traders.

Another incredibly important concept on the currency market is the currency exchange, which is a key link in the chain of currency market trading services.

The largest currency exchanges are in London, New York and Tokyo. Thus, the online currency exchange can cover practically the entire world and provide nearly equal conditions for all currency market participants. This has made the Forex currency exchange the largest exchange in the world, with a turnover of more than several trillion dollars per day.

The Forex currency market has the following classification of currency types:

  • »   Freely convertible currencies have no limit on financial transactions of any kind, may be used by residents and non-residents of a country, and can be converted into any foreign currency;
  • »   Partially convertible currencies are usually those with a number of restrictions on use by non-residents and a specific range of allowed transactions. Thus, most Western European currencies are partially convertible; restrictions on use by non-residents were removed in 1958, and now any amount on an account in such currencies may be converted to a freely convertible equivalent;
  • »   Non-convertible currencies have restrictions for both residents and non-residents barring a number of financial transactions. They are not convertible and are used only inside their specific countries. For instance, non-convertible currencies are used in developing and dependent countries, and tied to the currency of a metropolitan country that sets exchange rates to give itse an advantage. Non-convertible currencies are not used on the Forex market.

The Forex currency market has two types of operations: buy and sell; each currency has demand and supply, allowing transactions with no real restrictions on volume or time. The Forex currency market also entails regulation of the exchange rates of various countries by balancing supply and demand.

The Forex currency market has a number of so-called primary currencies – most daily transactions are conducted in these:

With the development of technology, more and more people today use the currency exchange online, trading in real time via an internet connection. The online currency exchange fuils a number of functions besides affecting exchange rates: it lays the technical groundwork for free trade, creates and applies the rules for trading participants to enter (covering e.g. funds, business reputation), and creates the conditions and rules for making the transactions themselves. The obligation of monitoring observance of these conditions lies with the currency exchange as well.

Essentially, the currency exchange is a place where transactions are made. In this case, the currency is in free trade, shaping the process of constant currency exchange fluctuations. The main characteristic of the currency exchange is that exchange rates are shaped and noted as part of its operation, through the effect of supply and demand on the selling and buying of currencies. This very process is the main objective of the Forex currency exchange: shaping the exchange rates based on objective effects of the economic factors of specific countries. The currency exchange essentially regulates exchange rates.

How Does the Forex Market Work?

How Does the Forex Market Work?

In the forex market, you trade one currency for another. The two currencies being traded are known as a currency pair. Here are some examples:

  • »   USDJPY – buy Japanese yen with US dollars
  • »   JPYUSD – buy US dollars with Japanese yen
  • »   USDCHF – buy Swiss francs with US dollars
  • »   CHFUSD – buy US dollars with Swiss francs

The main currencies

The main currency used in forex is the US dollar; 40% of transactions involve the dollar. Other major currencies include the following:

  • »   Japanese yen
  • »   Swiss francs
  • »   British pounds
  • »   Euros
  • »   Canadian dollars
  • »   Australian dollars
  • »   New Zealand dollars

Although the US dollar still predominates, “cross rate” trading is increasing in Europe. This is where currencies are traded without using the dollar as an intermediary; for example, you can trade euros for British pounds or yen directly.

Types of transaction

There are five main types of forex transaction:

  • »   Spot – 48% of the market
  • »   Swaps – 39%
  • »   Forwards – 7%
  • »   Options – 5%
  • »   Futures – 1%

Making money

Most traders work in spot forex. This is where currencies are exchanged directly. Here’s an example:

  • »   You want to trade US dollars and Swiss francs
  • »   The instrument for buying Swiss francs with US dollars is USDCHF
  • »   You buy when the rate is 0.7700 and get 770 Swiss francs for $1,000
  • »   You wait until the Swiss franc goes up
  • »   You sell at a rate of 0.7690
  • »   Your profit is one Swiss franc or $1.3
  • »   You only had to invest $10 because you had 1:100 margin
  • »    You have made a 13.2% profit

In the example above, the price changed by 10 points – a point is 1/10,000th of a currency unit. Prices normally change by between 80 and 150 points per day, so you can make large profits. If the price above had changed by 80 points, you would have made $10.56 for a $10 investment.

However, the exchange rate can also move in the wrong direction, in which case you will lose money. That’s why it’s important to analyse the market before you buy, and to keep a close eye on your open positions. You can also set stops, which place a sell order automatically when a specific exchange rate is reached. That way, you can lock in your profits and limit your losses.

When you first start forex trading, we recommend that you open a Cent Account with us. With a cent account, you can make trades for as little as two cents each. This is an excellent way to learn the forex market without taking significant risks.

Who Can Become a Forex Trader?

Who Can Become a Forex Trader?

You can!

The international forex market is open to everyone. It doesn’t care about your age, education, nationality or where you live. As long as you’re willing to work hard and learn, you can be a forex trader. Even if you don’t have much capital, you can open a Cent Account and make trades for as little as two cents.

  • »   Be your own boss
  • »   You can trade any time and anywhere – no need to go into an office
  • »   Your income potential is unlimited
  • »   It’s interesting and as fast-paced as you want it to be

As long as you have an internet connection, you can trade on the forex market!

Why Edeal ?

Edeal is committed to helping you learn and succeed. If you’re starting out, here are some of the things we offer:

  • »   Free forex training, seminars and consultation
  • »   Online tutorials and guides
  • »   Free analysis of your trading performance
  • »   Daily market analysis, recommendations and tips from our forex experts
  • »   The latest Dow Jones news feeds
  • »   No minimum capital requirements
  • »   Place orders as low as two cents with our Cent Accounts
  • »   Euro and dollar accounts
  • »   Free and fast deposits and withdrawals
  • »   24×5 customer support – with offices around the world
  • »   Instant web-based support using LiveChat
Forex market during crisis

The Forex Market and the World Economic Crisis

The recent world economic crisis started in 2008, triggered by a liquidity shortfall in US banks after the collapse of the US housing market. The crisis then spread around the world, thanks to securitisation of sub-prime mortgages. Securitisation is where debt is mixed together and sold on as a new financial instrument.

Securitisation was supposed to reduce risk, but in practice it became impossible to separate good and bad debt and to understand the true exposure. This led to a loss of confidence in exposed banks around the world; some of them had to be bailed out to prevent an economic meltdown.

The global recession which followed caused high unemployment and declines in economic output. While most countries have now returned to anaemic growth, new crises loom. One of the most concerning is euro zone sovereign debt; Ireland, Portugal and Greece have already received massive bailouts, and others such as Spain and Italy are at risk.

Turbulent economic times cause volatility in the forex market:

  • »   Confidence ebbs and wanes with every piece of news
  • »   Panic selling occurs on both fact and rumour
  • »   Central banks pour liquidity into the market to prop up currencies and financial institutions

Forex traders make money when currency values change, so today’s economic turbulence is an opportunity for profit. At the same time, market uncertainty creates additional risk:

  • »   Long-term traders are less affected, as short-term variations tend to even out
  • »   Short-term traders need to take particular care to avoid large losses

For forex traders, economic crisis is not a time for poverty, but for creating wealth. Take care, though; you want to end up a winner, not a casualty.

Open a Cent Account or Classic Account today and start trading.

Forex Volumes

Forex Volumes

Here are the key figures*:

  • »   Over $1.9 trillion dollars a day traded in 2004
  • »   That grew to $3.2 trillion by 2007 – a 70% increase
  • »   Daily volume is now nearly $4.0 trillion – and the market is still growing

Forex dwarfes other markets:

  • »   It has 11 times the daily volume of all other global exchanges combined
  • »   Its daily turnover is 40 times the New York Stock Exchange (NYSE)
  • »   $300 are traded every day for every person on the planet
  • »   A week’s worth of forex trading is more than the annual United States GDP

The major forex trading centres are the United States, Great Britain and Japan. Market activity peaks when more than one is open.

Open a Cent Account or Classic Account today and start trading!

* Source: Bank for International Settlements (BIS)