Forex Turnover

Saturday, May 23, 2009
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Main foreign exchange market turnover, 1988 -
2007, measured in billions of USD.
The purpose of Forex market is to facilitate trade and investment. The
need for a foreign exchange market arises because of the presence of
multifarious international currencies such as US Dollar, Pound Sterling,
Yen, etc., and the need for trading in such currencies. Since you aren’t
buying anything physical this kind of trading can be confusing. When
buying a currency think of it as buying a part in that particular
country’s economy because the currency rate reflects the economical
situation of the country when compared to others.

 

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