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2 Responses to “Can Anyone Give Me The Idea How Forex Exchange Market Works?”
Foreign exchange works on simple supply and demand rules, that is the local supply of hard currency verses the economic demand of the currency and economic strength of the country whos currency it is, the gold reserves will also affect the daily exchange rate, but the main factors affecting the rate is the balance of payments (International trade)situation for each country, domestic (GDP/GNP) product and also the current trade account debit or credit situation in US dollars and other hard currency. Exchange rates can be affected by any factor involving the Global stock markets, such as War, Energy(oil), House prices, and various other factors.
January 1st, 2010 at 12:26 am
Foreign exchange works on simple supply and demand rules, that is the local supply of hard currency verses the economic demand of the currency and economic strength of the country whos currency it is, the gold reserves will also affect the daily exchange rate, but the main factors affecting the rate is the balance of payments (International trade)situation for each country, domestic (GDP/GNP) product and also the current trade account debit or credit situation in US dollars and other hard currency. Exchange rates can be affected by any factor involving the Global stock markets, such as War, Energy(oil), House prices, and various other factors.
January 1st, 2010 at 12:52 am
Try the links in http://www.hot8sites.com/trading/