Everyone in his lifetime traveled to another country. If you aren't living in Germany and only traveled to France there is the possibility that you might needed to exchange your currency. Some people do it at the airport some at the bank and others at a secret place where no one will ever know.
In every bank you see that huge board where you see the different rates. And than you realise that every currency has its own number or value. For example the Yen might be 80. Your emotions start to grow and you are feeling like Bill Gates. You start to calculate, you have 100$ in your pocket that would give you 8000 Yen! You are rich! But wait... you arrive at the Airport in Japan and you only wanna buy a Coke. And what you see ? It costs you 500 Yen. Well at least after your first shopping tour you realise that you might be not that rich as you seemed to be in the first place.
What you probably didn't realise is the fact that when you changed your money you ALREADY participated in the forex marked! You exchanged one currency with another.
You are coming back from your flight from Japan and you still have some money in your pocket and because you can't use it anymore you need to change it back. But what do you see ? The rates changed. And exactly these changes are the ones who interest the guys who trade foreign exchange.
You are coming back from your flight from Japan and you still have some money in your pocket and because you can't use it anymore you need to change it back. But what do you see ? The rates changed. And exactly these changes are the ones who interest the guys who trade foreign exchange.
The foreign exchange market, which is usually known as "forex" or "FX," is the largest financial market in the world. If you watch TV you always see the Stocks exchange NYSE or something else. But what you didn't know up to know is the fact that the FX Market is muuuuuuuuch bigger than the NYSE. Currently daily volume of the New York Stock Exchange is around $80 billion. Now that sounds really much but the daily forex volume is around $4 TRILLION.
Because the human species has problems to compare numbers, or at least I'm the only one whatever the images of monster seems legit to see the difference better. This one is the NYSE.
Because the human species has problems to compare numbers, or at least I'm the only one whatever the images of monster seems legit to see the difference better. This one is the NYSE.
