where is the currency traded? what are the main factors considered by the traders while doing the trading?
by on Wednesday, October 27th, 2010 | 1 Comment
Question by shekar r: where is the currency traded? what are the main factors considered by the traders while doing the trading?
Hi there
where is the currency traded? what are the main factors considered by the traders while doing the currency trading?
thanx
Best answer:
Answer by Uggle
Currency as in for personal use?
At a travel agent, post office, bank
The exchange rate depends on the value of the £/$ against the value of the other country – baically, if the economy is doing well, we get more of their money for ours, and if it’s rubbish, we get less.
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Tags:considered,Currency,doing,factors,main,traded,Traders,Trading
I believe you are talking about “forex trading” most of forex trading is done between banks, governments and speculators – see this link with more information
http://en.wikipedia.org/wiki/F.....nge_market
Anyone can now trade in forex online through sites such as
http://www.forex.com/uk/index.html
And learn how to do it through sites such as
http://www.learntrading.co.uk/.....inners.htm
Basically the main consideration for traders is “how do I make a profit out of this deal”