- published: 17 Feb 2011
- views: 436175
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market does not determine the relative values of different currencies, but sets the current market price of the value of one currency as demanded against another.
The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as “dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the “interbank market”, although a few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions.
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i met a girl who was a gypsy barefoot in the snow
her eyes like charcoal, they let me know that she needed
a place to go
she said that she fell asleep in the field and her family
rolled away
she cried that she was lost and that she needed a place
to stay
and then she said our love would never die
but then she threw her body to the ocean tide
and now i know all about the future and all i do is cry
the world pronounced her dead today there upon the rocks
i stood above them, way above them and then i jumped a
block
i remember when she said our love would never die
so then i threw my body to the ocean tide
and now i'm with her, here in heaven we kissed this world
goodbye