My Great Forex Exchange Item
June 25th, 2009 by anguel10There is no exclusive unified foreign exchange market.
Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currency instruments are traded.
This shows that there is no such thing as a same dollar rate – but rather a number of different rates, depending on what bank or market maker are buying and selling.
In practice the rates are often very close, otherwise they could be abused by arbitrageurs.
Tags: alerts, automatic trading system, currency, currency trading, deal station, dealstation, euro, foreign exchange, foreign exchange trading, forex, forex charts, forex forums, forex trading, fx, fx trading, intraday, mg financial, mgforex, Money, money garden, online currency trading, online forex trading, rates, trading signals, trading system, wireless, yen