Tag: Foreign exchange market
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History of Forex Trading
The foreign exchange market, commonly known as “forex,” is the global market for the trading of currencies. It is the largest and most liquid market in the world, trading at a huge volume of $5.3 trillion a day, which is around $220 billion every hour. While the current, modern Forex market is vast and incredibly…
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The Main Advantages of Forex
There are many benefits and advantages of trading Forex. Here are just a few general reasons why more and more people are choosing this market. No middlemen Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair. At FinFX all trading…
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Forex Offshore Investment Strategies
Comprising different managers and advisers, each with distinct risk-return profiles, the best offshore Managed Forex Fund caters to a comprehensive range of investor styles and requirements. Selected for their high level of expertise in currency trading, each manager of the fund has an in-depth understanding of what drives performance and brings expert opinion to the…
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Foreign exchange trade in China surges
April 2005 saw dynamic trade on the inter-bank foreign exchange market in China, with a robust month-on-month growth of 40 percent in average daily transaction volume, which reached US$1.282 billion. According to the Shanghai-based national forex swap center, turnover of the US dollar, the Japanese yen, the HK dollar and the euro, amounted to US$28.215…
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Woman takes helm of China’s forex office
China has appointed a woman as the new director of the State Administration of Foreign Exchange (SAFE), a government source said Monday. Hu Xiaolian, a central banker and formerly the assistant governor of the People’s Bank of China, will take over from Guo Shuqing, who became chairman of the China Construction Bank last week. Guo…