what is the forex ?

Forex (Foreign Exchange, FX) market is an interbank currency exchange. In 1971, the Forex market has replaced the Breton Woods system - rates were fixed but floating.
 Basically, Forex is a multitude of foreign exchange against-parties at amounts expected exchange of one currency for another at an agreed rate on a given date.  

  The exchange rate is determined by market forces - supply and demand.The total volume of transactions on the money market worldwide is steadily increasing. This is due to the development of international trade and the removal of restrictions of foreign exchange in many countries. Daily turnover of conversion transactions in the world is estimated at $ 4 billion. Approximately 80% of all transactions are speculative transactions and intent to profit from speculation on the differences in exchange rates.  

Jobbing attracts numerous participants, both financial institutions and individual investors.The market has changed considerably with the maximum intrusion of information technologies in the sphere.

 Once a mystical mega market where privileges were given to large banks only, Forex has become accessible to everyone, everywhere. Today, the trade through electronic systems is preferred by banks such as Deutsche Bank, Standard Chartered Bank, Union Bank of Switzerland, Barclays Bank, the daily volume of transactions in excess of billions of American dollars.The main characteristic and important global foreign exchange market is its stability. Everyone thinks that one of the negative properties of the scholarship is its unexpected falls, which of course was confirmed during the recent economic crisis.  

As strange as it may seem, money market Forex is always stable and never falls, unlike the stock market. If the divisions become worthless - this is a negative impact on both sides - issuer and investors.If a currency falls, it means that another becomes stronger. For example, in late 2008 - early 2009, the dollar increased by 10% against all other currencies. Always on the money market has not collapsed and trades proceed normally. 

 It is the stability and strength of this market. Currency exchange service is absolutely liquid and there is always room to negotiate. The main advantage of the forex market is that you can get a steady success with the power of the knowledge of the sale and purchase of foreign currencies.Forex is around the clock. It is not linked to specific times that trade takes place between banks in different parts of the world. Volatility of exchange rates is so huge that major changes with currency pairs can happen at any moment. This is why large transactions can occur every minute.If the Forex trader develops a right and reliable trading techniques and strategy, it can turn into profitable business.  

Thus, in the Forex market competition will increase and nobody can compete. Not surprising that commercial banks and other financial institutions related to business Forex buy expensive electronic equipment and special programs, maintain a big stick traders to work in different niches of the forex market.The initial cost to enter the Forex business is really minimal. But everyone should have a basic knowledge of Forex, a PC and a broadband Internet connection to open a trading account and make a deposit. There is no business that requires such a small amount of money to start a business.

 It is very easy to start than to find a reliable forex broker To be successful in Forex trader depends on the professional qualities. International monetary system has come a long way over the millennia of human history, but uncertain, there are many positive changes. These changes in the global monetary system, there are two main areas:

•     The money is totally separate from any material or equivalent.

•     From powerful information and communication technologies has combined the monetary and banking systems of different countries in a single global financial system that has no limits.