Forex Foundry EGuide
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connective elements around the world. Things like war, oil prices, and
global shifts in power are just a few of the elements that effect the
forex movements. However most times these changes are not
immediate but gradual over time.
There are many companies that are successfully trading in the forex.
For the forex trading there are no off days, holidays or time offs.
These companies run on 24 hour cycles no matter which part of the
world they may be located in.
The forex trading also has its fair share of scams and to avoid this it
would be prudent to do some research before taking the word of the
forex traders and investing a lot of money on the here say or
speculation of a few people. There are no magic formulas that most
traders tout and every trade has the accompanying risks.
There are also many career opportunities in the forex trading line.
Most large forex trading companies hire a varied amount to trades
depending on the successes of the trade. Individual traders, brokers
and bank to bank transactions are the most common and accepted
ways of trading. The statistic taken last year showed the trading
volume reached about 4 trillion USD.
Besides the daily transactions for profits, there are also other uses
that require some lever of forex movements. These other users may
include wages paid to foreign banks for the multinational personnel.
However a large percentage of the trading is more for profits which
can be rather considerable if the risks involved weren't so high.
Some documentations list the beginnings of the NYSE or otherwise
known as the New York Stock Exchange to begin in May 17th 1792. At
the time of its humble beginnings it only had about 24 stock brokers
working together to form the stock brokerage. All this was and still is
on the same named street called Wall Street.
As it expanded over the years it has changed locations but has
retained always kept the "wall street" tag. It is known to be the largest
stock trading house in the world and at last statistical count it was
listed to be trading daily at about USD153 billion. The statistics also
showed that at one time it had a market capitalization of its listed
companies at the huge figure of USD13.39 trillion. These are all mind
boggling figures and it is rather amazing to note the amount of paper
transactions that are done on a minute to minute basis.
This powerful form of trading which is facilitated by the NYSE
provides the platform for buyers and sellers to trade share of stock in
companies registered with the board for public trading. Keeping to
the age old working time frame of a five day working week of Monday
to Friday, its runs from 9.30am - 4.00pm, closing only for holidays
previously set and declared by the Exchange in advance.
Though when first observed it can seem quite chaotic and loud, there
is an underlying system in place which is very familiar to all on the
trading floor. The "buying and selling" is done at a very fast and
energetic pace and the alertness of an individual plays an extremely
big role in getting the transactions done according to requirements of
clients or customers. These "customers" or clients usually appoint
brokers to do the trading on their behalf sometimes with specific
guidelines and some leaving the decisions to the discretion of the