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<title><![CDATA[Richard Perona]]></title>
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<title><![CDATA[The Foreign Exchange Market]]></title>
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<pubDate>Tue, 15 Jan 2013 20:00:52 EST</pubDate>
<description><![CDATA[The foreign exchange market is the largest and most liquid ﬁnancial market in the world that exchanges US$4 trillion worth of currency daily. It is a worldwide, decentralized over-the-counter ﬁnancial market for the trading of currencies and financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers -- 24 hours a day (excluding weekends).
About 70% to 90% of the foreign exchange transactions are speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency for a proﬁt.
Traders include central banks, currency speculators, corporations, governments, large banks and other ﬁnancial institutions. The US &amp; UK markets alone account for just over 50% of the global turnover with other major ﬁnancial markets being Tokyo, Singapore, Zürich, Frankfurt, Hong Kong, Paris, Dubai and Sydney.
This topic will keep you up-to-date on the latest news, commentary and research on currency speculation and the dynamic and ever-changing foreign exchange market.]]></description>
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