Foreign exchange markets (12 slides)
Summary :
Table of Contents
- Introduction
- Meaning foreign exchange market (FOREX)
- The uniqueness about FOREX
- World forex markets
- Major forex currencies
- Foreign exchange markets
- Overview of forex market In India
- Conclusion
Abstract
Forex market is an over the counter market, through which we can convert one country's currency into another. Participants like market makers, brokers, corporate and individual customers are physically separated from each other. A Forex trader can work from home or office at his chosen hours of work and also the working of the market is divided into three sessions -
First session of the trade i.e. the Asian session, (Tokyo, Hong Kong, Singapore) starts on Sunday evening at around 7.00 p.m. EST (Eastern Standard Time).
The second session begins in London at 2.00 a.m. EST.
Third and final session in New York at 7.00 a.m. EST and ends at about 5.00 p.m. EST at Los Angeles.
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