Forex, short for foreign exchange market, refers in a general sense to the worldwide market that deals with currency trading. It is the largest financial market in the world in terms of value and volume. It is also the most crucial network that facilitates the movement of foreign exchange for business and for governments. The need to exchange currency is inevitable due to the global nature of trade. This is the primary reason why Forex has developed as the most liquid financial market in the world. It outweighs the global stock market in terms of financial involvement and in the number of deals that take place. As of April 2013, the Forex market had an average trading of US$5.3 trillion per day.
The Forex market has no centralized controlling authority – the exchange is carried out over the internet. For a transaction to be made, the traders use computer networked over-the-counter (OTC) channel. The market is operational 24 hours a day and works in real time environment with the signals fluctuating every second. The Forex signal is generated either by the market analyst or by the automated market analysis system. It shows the preferable chances of entering into the trade for a particular currency pair. The analysis is supported by graphs and figures that depict entry, trailing stop and stop loss combo leads. This information is communicated through signalling, emails or through SMS alerts to the people involved in the trade.
The key secret to this market is “doing less”….