For those unfamiliar with the term, FOREX (FOReign
EXchange market), refers to an international exchange
market where currencies are bought and sold. The
Foreign Exchange Market that we see today began in the
1970's, when free exchange rates and floating
currencies were introduced. In such an environment
only participants in the market determine the price of
one currency against another, based upon supply and
demand for that currency.

FOREX is a somewhat unique market for a number of
reasons. Firstly, it is one of the few markets in
which it can be said with very few qualifications that
it is free of external controls and that it cannot be
manipulated. It is also the largest liquid financial
market, with trade reaching between 1 and 1.5 trillion
US dollars a day. With this much money moving this
fast, it is clear why a single investor would find it
near impossible to significantly affect the price of a
major currency. Furthermore, the liquidity of the
market means that unlike some rarely traded stock,
traders are able to open and close positions within a
few seconds as there are always willing buyers and
sellers.

http://automatedstocktrading.blogspot.com/2007/10/forex-101-make-money-with-curr\
ency.html



________________________________________________________________________________\
____
Be a better Globetrotter. Get better travel answers
from someone who knows. Yahoo! Answers - Check it out.
http://answers.yahoo.com/dir/?link=list&sid=396545469



________________________________________________________________________________\
____
Check out the hottest 2008 models today at Yahoo! Autos.
http://autos.yahoo.com/new_cars.html