Definition:
FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.
Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange). It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.
Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the FOREX market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets.
Learning forex
Learning forex markets is traditionally part of the curriculum in most business schools. In addition, you can learn forex markets and currency trading in separate courses, seminars, from mentoring or by instructions from dealers and brokers. Books and forex magazines offer another way to introduce yourself to foreign exchange operations.
Many dealers in banks that handle foreign exchange operations have business school degrees (MBAs), or Master's degrees in quantitative subjects like finance or mathematics.
In fact, because currency trading is becoming more and more popular, many universities offer courses on forex markets as separate modules available to all (for a fee).
Therefore, if you're learning forex markets, your local university should be one of the first places to look at.
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Many dealers in banks that handle foreign exchange operations have business school degrees (MBAs), or Master's degrees in quantitative subjects like finance or mathematics.
In fact, because currency trading is becoming more and more popular, many universities offer courses on forex markets as separate modules available to all (for a fee).
Therefore, if you're learning forex markets, your local university should be one of the first places to look at.
Note!!
For more check LEFT Menu
Learning Forex – Courses
There are many classroom courses available to learning forex. These situations normally involve a group of people taught at the same time.
However, if you choose learning forex through courses of this kind, you’ll get better one-on-one feedback from the teaching staff than you would get from a seminar, where the audiences are bigger.
Furthermore, in relation to mentoring (one-on-on tutoring), forex courses offer a more inexpensive way to gain knowledge about the markets.
If you’d like to start learning forex through courses, here's a sample of companies offering them:
However, if you choose learning forex through courses of this kind, you’ll get better one-on-one feedback from the teaching staff than you would get from a seminar, where the audiences are bigger.
Furthermore, in relation to mentoring (one-on-on tutoring), forex courses offer a more inexpensive way to gain knowledge about the markets.
If you’d like to start learning forex through courses, here's a sample of companies offering them:
- Market Traders Institute
- Learn:Forex
- Concorde Forex Group
- Trader House Network
- Euromoney Training Group
- FinEdge
Top 25 Forex Sites (By the Numbers)
At Forex Blog, we like to keep up on the latest forex news by keeping tabs on other forex Web sites. Recently, our desire to stay on top of the latest forex news begged the question: which forex sites have the biggest reach? With nowhere to turn to answer this question definitively, we thought it would be an interesting exercise to rank all Web sites in the forex niche.
In ranking the top forex sites, our goal was to show — using objective data from reliable sources — which sites that are solely about forex are the most popular. To this end, we used data for these four metrics to calculate the rankings:
— Google PageRank
— Alexa Rank
— Technorati Link Count
— Compete People Count
-------- Top 25 --------
| Rank | Site | | | | | Score |
|---|---|---|---|---|---|---|
| 1 | FX Street | 6 | 10 | 10 | 10 | 36 |
| 2 | Daily FX | 6 | 10 | 10 | 10 | 36 |
| 3 | Global Forex Trading | 6 | 10 | 10 | 10 | 36 |
| 4 | Forex Factory | 4 | 10 | 10 | 9 | 33 |
| 5 | Babypips | 5 | 9 | 9 | 9 | 32 |
| 6 | Action Forex | 4 | 9 | 10 | 9 | 32 |
| 7 | Forex News | 6 | 9 | 9 | 8 | 32 |
| 8 | CMS Forex | 5 | 9 | 8 | 10 | 32 |
| 9 | FX Solutions | 4 | 10 | 7 | 10 | 31 |
| 10 | Forex TV | 5 | 6 | 10 | 10 | 31 |
| 11 | Forex Markets | 4 | 8 | 8 | 8 | 28 |
| 12 | Global View | 5 | 7 | 7 | 9 | 28 |
| 13 | Finotec | 4 | 9 | 8 | 6 | 27 |
| 14 | Forex Directory | 4 | 8 | 8 | 7 | 27 |
| 15 | FX Words | 6 | 6 | 6 | 9 | 27 |
| 16 | Grace Cheng: Power Forex Trading | 5 | 8 | 7 | 6 | 26 |
| 17 | The Forex Project | 4 | 6 | 9 | 7 | 26 |
| 18 | Forex Blog | 5 | 6 | 9 | 6 | 26 |
| 19 | Forex Bastards | 3 | 8 | 5 | 8 | 24 |
| 20 | Secret Forex Society | 4 | 8 | 5 | 7 | 24 |
| 21 | Peter Bain: Forex Trading Commentary | 3 | 7 | 6 | 8 | 24 |
| 22 | MTI Forex Tips | 4 | 7 | 7 | 6 | 24 |
| 23 | Pip Trader | 4 | 5 | 6 | 6 | 21 |
| 24 | Forex Realm | 4 | 5 | 4 | 7 | 20 |
| 25 | Free Forex Charts | 6 | 4 | 3 | 7 | 20 |
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