Forex is short for Foreign Exchange and refers to a decentralized market that spans the globe and is considered the most liquid worldwide. Exchange rates fluctuate continuously due to ever changing market forces of supply and demand. Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. Unlike the Stock market, the Forex market never sleeps and remains open around the world for 24 hours per day and 5 days a week. Forex trading, or currency trading, or FX trading, as it can be also abbreviated, are all terms that describe the currency exchange market as we know it today, which in simple language refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Most of the regulations that have passed have come from requests of clients at brokerages that have failed or if it clients feel they have been cheated. Therefore, you can have a role in cleaning up the FX market continually. In simple terms, each XM client is provided access to a trading platform (i.e. software) which is directly connected to the global market price feed and allows them to perform transactions without the help of a third party.
Various fx signal providers offer a few complimentary services along with the featured ones. Look for a fx signal company that provides email support, phone assistance and even mentoring to their clients. This is of great value, especially to new traders.
Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market. Call Client Services on our toll free number 1300 888 936 (Australia). International callers, please phone +612 9965 5830. Alternatively, you can use our live chat facility during the same period.
Our Research and Education center offers daily updates on all the major trading sessions along with multiple daily briefings on all critical market events which daily shape the global markets. Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several. These elements generally fall into three categories: economic factors, political conditions and market psychology.
