FOREX Trading Exchange Rates Today For EUR POUND AUD JPY CAD CHF

What is the Foreign Exchange Market?

The term foreign exchange market includes the worldwide Inter-bank or Inter-dealer trading system that influences utilization of floating exchange rates between different countries’ currencies like the USD/ZAR which is our lesson’s moral. The Foreign Exchange Market is the most world’s hugest financial market, and most of people don’t know about it. If you want to be clear, In the Foreign exchange market that is the exact place where FOREX trading happens, The research specify that It is very impossible to understand the foreign exchange market as a whole however getting and gaining few skills might drive you very closer to understand the market.

How huge is the Foreign Exchange Market?

Where is the FOREX Market Located?

The majority of individual inquire, “where is the FOREX Market located?” In intent perspective there is usually no central location for currency trading to take place since people can still trade online or electronically. In reference to this the word, “Market” might be a bit misleading. Banks that process transactions for larger companies and governments do the biggest chunk of FOREX trading. The aforementioned institutions provide exchange rates in the broader market on a continuous basis. The most recent quote is generally seen as the current pricing for the currency. However there is a place for trading stocks and commodities which happen in the following cities:

1. City of Johannesburg – This is located in South Africa
2. City of London – This is located in United Kingdom and is the biggest in trading than all
3. City of Tokyo – This is located in Japan and it is most well known in the world
4. City of Hong Kong – This is located in China
5. City of Singapore – This is located in Southern Asia
6. City of Frankfurter – This is located in Germany
7. City of New York – This is located in the United States of America
8. City of Wellington – This is located in New Zealand
9. City of Sydney – This is located in Australia

What is FOREX Trading?

FOREX Trading is the process of buying or selling one, two or more of these above currencies and this process is usually carried out and executed by a number of (Fx) or foreign exchange market participants. If an individual or investor decides and takes action to buy USD or ZAR then FOREX trading has happened, most people ask themselves what Forex Trading is?

The term FOREX Trading is a huge term that is having about 100 000 to 1 million global average searches every month on Google keyword searches. Many people are on the perception that trading FOREX is the better way to generate passive or active income and others strongly believe that FOREX trading is a greener link or a golden path that will liberate them from their financial oppression.

You can-never separate FOREX and currencies, without currencies there is no FOREX and vice versa, below is an example of a South African Rand note as our currency of choice.

Knowing about FOREX Trading is one of the simplest lesson you may obtain, however to be the best trader is another game that is mastered after compiling so many directives. Let us take this issue chronologically so that everyone may have the clearer picture of what is happening in the (Fx Market) which is also known as the Foreign Exchange Market.

Prolonging our discussion, sources have previously revealed that it would almost cost the New York Stock Exchange three to four months of trading to equal trading during one day of the FOREX market. This market is having about $5 to $ 6 trillion traded every day as researched in the year of 2018, this research news comprises the variety of  Forex trading markets

Can You Make Money With Forex trading?

The easy answer is “Yes” and the difficult one is “No”, This depends on your skills in analyzing the market, you are the one who will determine or should we say predict the direction of the market, the question is: will the market value appreciates or depreciates?

Meaning that you will always have to open a trades specifying the direction of the market movement. With all this you are the one who will have to favor one currency when compared to the other, should your prediction be accurate then you will accrue profit but should the market go against your assumptions then you will suffer a loss

Exchange Currency Rates

All countries’ currencies are having their own unit value which fluctuates over time. The monetary policy is having a great influence on the exchange rate or to the market globally, The appreciation or depreciation of the exchange rate for these currencies is usually controlled and determined by the supply and demand from market participants, meaning when the demand is high then the prices will increase and vice versa and it is also influenced by the number of economic, political factors and other crucial events which plays an integral part in this process. That is why the currency of every country differs from one another in terms of its value and power, look – at this typical saying;

The value of the (USD) is not equal or the same to the value of (Euros) and on the other hand the value of (Euros) are not equal to the value of (ZAR) South African Rands.

Since our lesson moral is based on two currencies, the USD AND (ZAR) RAND, let us preview this specimen of a South African Rand, with a picture of the former president of the republic of South Africa.

Former President Nelson Mandela was born in July 1918 and would have turned 100 years in July 2018, To commemorate his 100 birthday should he be alive, as per 2018, July , new notes are in circulation. The R10 is colour green, R20 brown, the R50 red, R100 blue and R200 yellow and orange. All these notes are ascribed in English on the front and are ascribed at the back in different South African official languages, Afrikaans, Setswana, IsiNdebele, SiSwati, Xitsonga, Tshivenda, Sepedi, IsiZulu and Sesotho