Know about Working of Forex Market

By | September 28, 2010

Forex market works entirely based on the online platform. Forex market is open around the clock. The trader can do the trading from any where in the world, through online. In this market, the trader can enter the market any time and buy the currency which the trader is expecting to go high. The forex market works based on the currency exchange rates.

Forex market transitions are carried across the national borders. The currency exchange rates fluctuate depending on few factors like economic conditions of a country, volume of the foreign trade and some political break downs.

A forex market works purely based on the technical analysis. In forex market there is no spread between the two currencies. The spread is simply the difference between the two trading items. In forex market an individual can trade using the online platform, there is no broker to trade. The forex market has mainly three sessions they are Asian, London, and New York sessions.