ICM Trading/iTrade Capital Markets Now Provides Detailed Information on Forex Trading to Help Traders
Bohemia, NY (PRWEB) February 22, 2013
ICM Trading, providing industry leading trading and market making services, gives detailed information on Forex trading. Forex stands for foreign exchange, and is also known as FX. It is the buying and selling of currencies from various nations. Unlike stocks or futures, there is no centralized exchange for Forex – all transactions happen via phone or electronic network which makes Forex the most liquid trading instruments.
The daily trading volume of currencies is $ 3.2 trillion-which is more than all other world market exchange trading combined. More than 85% of Forex trading volume occurs in the Major currencies like US dollars, Japanese Yen, Euro, British Pound, Australian dollar and others.
In a Forex transaction, currencies trade in pairs. Therefore, a trader buys