When expanding internationally, you will invariably have to deal with foreign exchange. In Forex Market And Global Expansion, you will find a primer on the subject. Here, you will find, inter alia, that:
- The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily.
- The foreign market originated in 1973 and more than three decades later, the forex market has been expanding and developing into the robust worldwide market it is today. Even so, currency or money has always been in our society, in one form or another, since the ancient time of the Pharaohs.
- Currently, all major currencies move independently from the other currencies implementing the services of forex dealers. Because there are no limitations on currency dealers and investors who want to trade currencies in an open and free foreign exchange market, there has been an inflow of speculation by brokerage houses, independent broker dealers, future trading brokers, hedge funds, banks as well as individuals.
- The majority of forex trading comes from banks, investment companies and brokerages.
- The forex market is driven by the enormous scope for profit potential among the currency dealers, along with the supply and demand. The free floating system is more practical for today’s forex market which undergoes a change in the currency rate approximately every 4.8 seconds.
InternationalExpansion.Org will include a whole series of training classes shortly: go to the site, bookmark it, and come back frequently for updates and to get free training on foreign exchange.
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