Foreign Exchange Markets Summary You have been asked by a local college to write a lecture that explains the gold standard and addresses the functions of the world's major foreign exchange markets.

Foreign permute or FOREX, is the monetary securities industry in which participants ar able to buy, sell, exchange, and speculate on currencies. Foreign exchange markets argon made up of banks, commercialised companies, central banks, investiture perplexity firms, hedge funds, and retail FOREX brokers and investors. The FOREX market is considered to be the largest financial market in the world. Currency markets be large and mobile; they are believed to be the most efficient financial markets. It is strategic to see that the foreign exchange market is not a hotshot exchange, but is constructed of a global net dally of computers that connects participants from every part of the world. It can be best described as an over-the-counter(a) market where buyers and sellers conduct business linked by teleph hotshots, computers, facsimile machine machine machines, and other means of instant communications. It as nearly as involves art one nations gold for the up-to-datenes s of another(prenominal) nation?s. With the increasingly widespread availability of electronic trading networks, trading on the currency exchanges is now more friendly than ever. As previously mention the foreign exchange market is notoriously the domain of the giving medication central banks, commercial banks, and investment banks, not to mention hedge funds and immense international corporations. At first glance, the movement of such whale entities may appear rather frighten away to the individualist investor.

But the presence of such powerful groups and such a massive international market can also work to the benefit of the individual trader. The FOREX offers trading 24-hours a day, quint old age a week, and the daily d! ollar volume of currencies traded in the currency market exceeded $3 trillion in 2007 (2007 triennial telephone exchange Bank Survey of Foreign Exchange and derivative shaft Market Activity), making it the largest and most liquid market in the world. Many of the instruments utilized in FOREX - such as lift and... If you want to get a full essay, order it on our website: OrderEssay.net

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