Nowadays, the Forex market is the largest international exchange market. The word «Forex» has been associated with the currency exchange for a long time. In addition, it is known as a convenient and effective way of earning money just sitting at home on the couch. But what are the reasons for this reputation? Below I will explain it.
Despite the fact that gold has lost the status of the payment instrument, this precious metal remains 'a safe haven' for investors in the times of economic crises. In different periods, demand for gold rises and falls, so its price changes upward or downward.
All participants of the Forex market can be divided into two categories: active (market makers) and passive. Commercial banks and brokerage firms are active participants directly affecting the pricing and all the other market processes.
Popularity of the Forex trading is growing every day. An opportunity to profit quickly in several thousands of dollars attracts people from all over the world. However, Forex trading is a very risky business.
Trader's library of the ForexGrand company is a collection of articles containing information about trader’s psychology, technical market analysis, and the other materials covering all areas of work in the largest worldwide financial market.
Forex is nothing else but the greatest monetary (or financial) market in the world. However, to understand how Forex operates, you need to deal with the peculiarities of the functioning of the currency markets in general.