Trading currency in the world has a very wide coverage
great, arguably are traded around the world. Transaction
This is done by many parties; countries, institutions and individuals,
good for the purpose of foreign exchange reserves, international trade,
also to take advantage of the price difference.
Daily transactions on the currency market the world has
exceed $3.2 billion (data as of April 2007). Compare
with daily transaction value amounting to only $100 billion
in the U.S. stock market. You sure can imagine how
large money market of the world, and every year this figure is rising steadily.
Why so big? Because in contrast to the stock market
limited by the location of the stock, the currency market is not restricted
by geographical location. We can trade forex anywhere,
anytime, because the currency market runs continuously 24
hours per day Monday to friday, in the bank network
all over the world.
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