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Foreign Exchange (Forex)

The foreign exchange market (forex) is a worldwide financial market for the trading of currencies. It is open 24 hours a day except on weekends and is the largest and most liquid market in the world. A typical transaction would be the purchase of one currency with payment by another currency.

1,131 Questions

In forex how do you make money in a downtrend?

Before currency drop, you place a "SHORT" position. After the currency drop, you will make profit.

What is the top ranking MLM company in the world?

Well...there are many factors to consider when looking for the top ranked MLM company in the world because when you talk to distributors, everyone would say theirs are the best. I would say look at the companies that have been around the longest and have the best financial track record and are publicly traded. A good resource on the internet is www.npros.com. This website is a database of all the existing MLM companies in the world. Here is my personal opinion of the top rated MLM companies.

  1. Amway
  2. Herbalife
  3. Mannatech
  4. Usana
  5. Mary Kay
  6. Xocai
  7. Zurvita
  8. Exfuze
  9. ACN
  10. FHTM (Fortune Hi-Tec Marketing)

What is 1000 francs in American money?

Several countries use or once used various forms of the franc as their currency. The Swiss franc is worth about 86¢ as of mid-February 2009. France is perhaps best known for using the franc denomination but switched to the euro in 2002. At that time a French franc was worth about 20¢.

If you're trying to convert 1000 old French francs to USD you're going to have some difficulty. There are a few major banks that may still be willing to exchange them but you'd need to do a lot of calling around. A few of the major French banks had redemption programs at one point, as well. In any case you're also going to probably take a hit on the conversion rate and service fees for an obsolete currency. It may still be worth it, though, considering the fact that the raw exchange value of 1000FF would have been about $200.

Swap in foreign exchange market?

the swap is basically purchasing foreign currency in the spot market and selling at forward or purchasing at forward and selling also at forward swap in purchasing in spot rate and selling at forward and swap out is the opposit of it

Does the efficient market theory apply to foreign exchange markets?

The Efficient Market Hypothesis (EMH) states that the current market price fully reflects all available information. The conclusion from a recent study Measuring the efficiency of the Intraday Forex Market with a Universal Data Compression Algorithm by Y. Kahiri, A. Shmilovici and S. Hauser of Ben-Gurion University concluded: though the context tree is a useful tool for forecasting time series, the Forex marketis efficient most of the time, and the short periods of inefficiency are not sufficient in generating excess profit.

Functions of foreign banks?

One function of foreign banks, which is especially important to those who trade in foreign currency,is margin trade. Forex margin accounts allow traders to control a large amount of currency with only a small deposit. What is margin? In forex trading margin accounts are expressed as a percentage. For example, a margin account of 1% would give you 100:1 leverage. So with $100 you could control $10,000 of currency. If the $10,000 of currency that you buy increases in value, you get all of the profits - but if that currency decreases in value, you are liable for all of the cost. Many people are wowed by the profit potential, and don't stop to think about what would happen if the trade went wrong.

Trading on margin increases your profit potential, but also increases your risk of losses. Fortunately, most online FX brokers will end a trade if it falls below the amount deposited, minimising your losses - but you'll still have lost the money that you had deposited, you just won't end up owing a lot more.

For more information on foreign banks and foreign exchange, see the websites below.

How do forex brokers make their money?

Forex brokers make their money in three ways:

  1. taking a commission on every trade. ECN brokers take direct commission and market makers take the commission through the spread.
  2. taking interest on leveraging.
  3. some of the market makers will take the opposite side of the trader position and will profit from the trader loss.

How is a foreign exchange market different from foreign exchange?

Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.

What are the working days of foreign exchange market?

The foreign exchange market is 24 hours a day except weekends. The Market resumes at 20:15 GMT every Sunday and closes at 22:00 GMT every Friday's.

What are Hedging tools in forex risk management?

Analyze risk, Determine risk tolerance, Determine forex hedging etc.

What is the foreign exchange?

Foreign exchange refer to the act of exchanging one country's currency by a different country's currency.

Importance of online trading?

Online trading is become very popular of futures, stocks and currencies. Innovative strategies have evolved in a little time. It is the procedure of buying and selling currencies or financial securities all the way through an internet-based brokerage's trading platform.

How much money does a forex trader earn?

Some traders make a very nice salary but others lose money. This is mostly due to lack of knowledge.

If you have a lack of knowledge you can trade with help of automated or semi-automated Forex trading systems. The main problem is to choose profitable Forex system.

What is Foreign exchange function?

A foreign exchange market, also called a forex, FX or currency market, is a financial market for trading currencies. It is decentralized and formed by billions of transactions that are performed by banks, corporations, governments and other market players on a daily basis. The prices are largely formed by supply and demand, although some central banks actively manipulate their currencies. The function of the foreign exchange market is to facilitate currency exchange among market players.

What is margin trading?

ETOR Exchange is India’s first Margin Trade Exchange

with 100X Leverage based on INR deposits. It caters to several programs with multiple benefits to its investors. Cryptocurrency has allured many Indian investors in recent times. With due commitment, Etor Exchange would suggest the investors to trade with it and experience the benefits which are matchless to other firms. Not only this, but investors can even refer and earn on each referral as long as trading takes place. The entire world is on networking. So, Etor Exchange decided to launch a new concept of crypto exchange where technology is blended with trading. Etor Exchange is always committed towards its elite customers. Their investments would take them to the zenith where unimaginable profits are awaiting for them. Therefore, it would be a great opportunity for the investors to trade with Etor Exchange to achieve the summit and view the world with a positive prospect!!!!!

10 million dollar equal to how many Indian rupees?

Its INR 46.36 crore, to be precise. For any amount, directly type in google. E.g. for this, just type "10 million usd in inr" Google Will give u 90% correct answers

What is foreign exchange turnover?

The turnover on Forex market is around 4 bn USD daily.

What is foreign exchange market distortion?

A distortion is measured by comparing the product of the exchange rates from both sides of a mathematically balanced currency pair hedge. A distortion is potentially exploitable if its magnitude exceeds the sum of the spread of all pairs that would be traded in an effort to exploit the distortion.

What is the meaning of the word forex?

It is an acronym, or at least an abbreviated word, for the Foreign Exchange Market. The Foreign Exchange Market exists where one currency is exchanged for another, such as multi-national corporations, governments, and other financial markets.

One million dollars is equal to how many Indian rupees?

As of October 2014, $1,000,000 = 61,532,000 Indian Rupees.

The currency exchange rate changes on a daily basis. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.

What is foreign exchange revaluation?

When a country/Reserve bank changes the value of a currency. The currency is usually devalued to make exports more competitive. Usually associated to countries with high inflation and political unrest.

Define foreign exchange?

Foregn Exchange is the terms that use in converting one currency to other currency with in a floor or counter permited by authority of Government Agencies.

How do you trade forex?

In order to trade forex you can:

1. use the bank services.

2. trade through one of the trading platform offered by the financial corporations.

3. trade through one of the designated forex trading platform, offered by forex brokers.

One way or the other, it is advisable to understand the market before starting trading.