Forex Market

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Forex Market

Postby dfsdghvsgdhv » Tue May 19, 2020 7:06 am

This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
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Re: Forex Market

Postby shfgysuyghhg » Tue May 19, 2020 7:40 am

More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another.
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Re: Forex Market

Postby hgfghfgdu » Tue May 19, 2020 7:40 am

When a deal is finalized, this is known as a "spot deal." It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.
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Re: Forex Market

Postby fdsdhfysdgf » Tue May 19, 2020 7:40 am

Currencies are traded on the Foreign Exchange market, also known as Forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand.
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Re: Forex Market

Postby dfsdghvsgdhv » Tue May 19, 2020 7:40 am

Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. The Forex market remains open around the world for 24 hours a day with the exception of weekends. Before the Internet revolution only large players such as international banks, hedge funds and extremely wealthy individuals could participate.
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Re: Forex Market

Postby anwenstephen90 » Wed May 27, 2020 8:17 am

its a nice post I really like this platform.
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