Facts and Figures Relating to Forex

BIS, the Bank of International Settlements is structured to encourage reserves transparency and works for attaining the objective of the financial safety of the investors and the nation as well.

The survey conducted by the BIS to have an outlook about the Forex market structure and the trading mechanism threw light on various aspect of the Forex trading.

The forex market structure comprises of following major elements: decentralized Interbank transactions of the deals, main participants of the Forex trading include Central Bank, Commercial and Investment Bank, hedge funds, corporations and the private speculators.

The Forex trading concepts work on the basis of Bretton—Woods Agreement 1971 but free-floating currency exchange deals are come over with the collapse of this agreement. The Forex online trading started in the mid of the ninety’s.

With the advert of Forex online trading, the idea of forex trading spread rapidly all over the world and is gaining popularity among the people with a great pace and is the most frequently asked questions of the curious investors.

This also enabled the average traders to start making investment in the forex market as well to understand the core concepts of the trading and speculate the strengthening and weakening currency pairs at the market with the Forex analysis of the trends.
Every market has its relative opening ad closing times likewise Forex market do have the trading hours and those trading hours are refer to as Forex sessions and the twenty-four hour trading facility is the main feature that pulls the traders towards this money making idea.

The timings are Sunday 5pm EST till Friday 4pm EST and the trading sessions starts form the Asia-Pacific Forex market trailed by the Middle-East, Europe and then move to USA Forex session.

The major markets that participates in the Forex trading actively are US, UK market, which is alone accountable for making around 50% of Forex turnover, other than these two are London, New York, Tokyo and one more fact attached with the Forex market is that trading became more strong when the major economies overlap each other trades at the Forex trading platform.

These are the facts are put forth and many more figures regarding the major currency pairs involved in trading are put forth by the BIS in its survey report to give the traders the detailed information about the Forex overview.