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An Into to Forex
November 29th, 2009 by admin
Foreign exchange, also know as Forex has a unique identity in dealing with work. If its compared with others it creates different identity. The points which make forex unique are;
[1] Its geographical dispersion.
[2] Its trading volumes.
[3] Its long trading hours. (24 hours a day, except on Sundays)
[4] The extreme liquidity of market.
[5] The use of power.
[6] The low margins of profits as compared with others.
[7] The variety of factors that affect exchange rates.
The foreign exchange market is the one of the largest market in the world. It is an example of “perfect competition”.