Forex Trading Scams;
Forex (a contraction of “foreign exchange,” often abbreviated as FX) is the market in which currencies are traded. The forex market is the largest, most liquid market in the world in terms of the total amount of cash traded, with average daily sums measured in the trillions of dollars. It includes all of the currencies in the world.
Forex is an example of a contract for difference (CFD). In any CFD, a seller agrees to pay to a buyer the difference between the current value of an asset and its value at a specified contract time. In the event the difference will turn out to be negative, the buyer pays the seller. People, businesses and governments can all be sellers or buyers.
There is no single central forex market(Forex Trading Scams). Trade is conducted over the counter in all major financial centers, including Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tel Aviv, Tokyo, and Zurich.
Not surprisingly, the U.S. dollar is the most actively traded currency, and it is most frequently traded for euros, followed by the yen, the pound sterling, and the Swiss franc. The profit or loss in forex is due to market fluctuations that typically result from a combination of short-term speculation, major economic indicators and interest rate differentials.