Foreign Exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trading of the the global forex markets currently exceeds 2-3 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks.

 

Currencies are always traded in pairs, for example EUR/USD, USD/JPY. Every position requires the buying of one currency and selling of another:

• GBP = Great Britain Pound
• EUR = Euro
• CHF = Swiss Franc
• USD = United States Dollar
• CAD = Canadian Dollar
• JPY = Japanese Yen
• AUD = Australian Dollar
• NZD = New Zealand Dollar

For Example: EURUSD > Euro v US Dollar

 

Futures Commission Merchants or FCM's, are Liquidity Provider companies engaging in the transfer of currency to foreign banks, are in essence trading on the Forex market When an advisor recommends a currency hedge, they are insuring themselves against a negative event. This doesn't prevent a negative event from happening, but if it does happen and you're properly hedged, the impact of the event is reduced. So, hedging a commodity in its own market or across markets, occurs almost everywhere, and we see it everyday.

 

Here are our recognized Affiliate Partners:

	The Royal Division is part of IKON GLOBAL MARKETS, Inc. a member of the National Futures Association (NFA) and registered with the Commodity Futures Trading Commission (CFTC) as a Forex Broker Member/Futures Commission Merchant. Best Features: Institutional Non-Fixed pricing for Retail.
	FOREX.com is a division of GAIN Capital Group, a dedicated partner to professional FX traders and fund managers worldwide. Institutional services includeIB programs, white label solutions, and asset management. Best Features: Fractional Pip spreads.
	IBFX is a retail foreign exchange broker whose pioneering efforts have created a unique forex trading environment. Best Features: Software support for traders (including prop. applications)
	CMC Markets provides tailored online trading solutions for banks, brokers and financial intermediaries worldwide. Best Features: CFD and Metals Trading

 

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