answersLogoWhite

0


Best Answer

Foreign exchange trading is done on the foreign exchange market and allows for conversion of currency. Participants include banks, corporations, and speculators.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who would use foreign exchange trading?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Will day trading software work for foreign stocks?

Yes day trading software will definitely work for foreign stocks. You are still trading, are you not? Yes you can use them. I would double check also if its irritating you


What is an Fx trader and what is it used for?

"The FX trader is the Foreign Exchange Market and it's used for trading currencies. Banks, corporations, governments, and investors are the traders who use it."


You have an Irish 20 can you exchange it in a bank?

You would be better off exchanging it at a foreign exchange centre, though it depends what bank you use.


Trading without the use of money is called?

Trading without the use of money is called bartering. In bartering, goods or services are exchanged directly for other goods or services without using a medium of exchange like money.


Why do people do foreign exchange?

They are many reasons why people trade the Foreign exchange market or Forex but some of the main reasons are: -The Forex is open 24 hours a day and 5.5 days a week. -You can start trading with as low as $100. -You can get a free demo trading account with many brokers. -you can use leverage of up to 200:1 (50:1 in the US)


What is Bitcoin trading at?

Exchange can do Bitc oin Trading on Exchanges; use Netcoins Exchange if you're from Canada. This platform is suitable for beginners.


Discuss how companies use foreign exchange?

Companies enter the foreign exchange market to facilitate their regular transactions and or to speculate


What math do foreign exchange traders use?

A lot!


Are currency trading indicators risky to use and can you actually lose money with them?

Yes, if you are trading with real money in real forex markets then you can lose significant amounts of money. Be sure to understand the foreign exchange indicators and take full personal responsibility for your trading decisions before you proceed further.


What are some Forex trading systems that work for small businesses?

Foreign Exchange trading systems is widely used by both large corporations and small businesses or independent traders. One Forex trading account can be set up online at FX Bootcamp or Forex Club, along with training in its use.


Does it cost any money to use a forex demo?

There are several places that offer a free trial for a forex demo account. Forex is foreign exchange market trading and should be done with professional guidance.


Can you use us dollars in West Indies?

You would have to change the us dollars to the local currency of the island at a foreign exchange office.