FOREX

Forex, a foreign exchange market, was completely shaped in the 70-ties of the previous century when foreign trade shifted from the fixed rates system to the floating exchange rates.

A great liquidity, which is a character sign only of the Forex market (today a 24 hours trade volume reaches 2-3 milliard dollars), as well as low transaction expenses and absence of commission expenses (appropriate to a stock market) give the right to consider this market to be the most perspective and profitable, as well as enable to effectually buy and sell various exchanges, gaining interest of the rates change.

The Forex market is profitably characterized by trade lasting for 24 hours a day and 5 days a week except weekends. It is stipulated by the fact that the biggest exchanges, where leading market-makers are concentrated, are located in different time zones. Thus, while one of them is functioning, there will always be other those ready to transact. The first to open are Asian exchanges (such as Singapore, Hong Kong, Tokyo), they are changed in turn by big European exchanges (such as London and Frankfurt) and then by American exchanges (New-York and Chicago) that are traditionally considered to be the most active ones. It helps to immediately respond to any world political and economic events, which influence a country’s currency rate change.