Forex Exchange is a currency market that offers an interbank version of its exchange of free prices in order to make a profit. The exchange rate (in other words “quotation”) has no clear restrictions and fixations.
A little Forex history
In August 1971, the President of the United States decided to ban the free purchase of gold for dollars. Thus, the country abandoned the agreements of the Bretton Wood direction, which ensured the support of the dollar gold.
The old system was replaced by a new – the Yamaisky currency system, in which twenty states of a non -communist orientation. The idea of the agreement was to create a free pricing policy in relation to gold.
If you follow the daily turnover of the currency in the forex market over the past 40 years, you can notice the development of the system (the tendency is observed every 10 years):
1978. – $ 5.2 billion;
1987. – $ 600 billion;
1993. – 1 trillion $;
2000. – 1.5 trillion $;
2010. – 4.2 trillion $.
Experts predict the amount of currency daily turnover in the Interbank Forex market in 2020. at 10 trillion $.
Forex market participants and possible risks
Forex is a system of the interbank market on the international platform. Operations on it are performed by both commercial, investment, and central banks, pension funds, dealers, insurance companies, etc. D. Forex analytics from Admiral Markets provides information about currency rates.
Based on these data, you can develop a strategy that will definitely make a profit. But the Forex market does not allow enveloping of the currency in small amounts-the convertible payment package is allowed to the system, provided that it has an amount of $ 60-300 in it. The exchange of smaller payments on the international platform is allowed through financial intermediaries who take % of the transaction for their service.
Various factors simultaneously affect the stability of currency courses. And therefore, it is impossible to predict a 100% result of the transaction. But along with the instability of market indicators, it is worth considering the risks of brokerage work:
If the broker went bankrupt, then getting his money from it will be very difficult.
The mechanism of working with transactions at pre -fixed prices can bring losses.
Instant prices of prices with instant return to the starting position are not confirmed, usually by official courses.
Forex work is a work that requires the study of news, new materials, analysts, graphs, etc. D. Make a decision on entering this market and coming out of it only to you, but remember that the money will multiply only when they are in circulation.