Day Trading the Currency Market
Chapter One
Foreign
Exchange-The
Fastest-Growing
Market
of Our Time
The foreign exchange market is the generic term for the worldwide institutions
that exist to exchange or trade currencies. Foreign exchange
is often referred to as "forex" or "FX." The foreign exchange
market is an over-the-counter (OTC) market, which means that there is no
central exchange and clearinghouse where orders are matched. FX dealers
and market makers around the world are linked to each other around the
clock via telephone, computer, and fax, creating one cohesive market.
Over the past few years, currencies have become one of the most popular
products to trade. No other market can claim a 57 percent surge in
volume over a three-year time frame. According to the Triennial Central
Bank Survey of the foreign exchange market conducted by the Bank for
International Settlements and published ... read full excerpt from Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings ebook
