Basically, the forex is a simultaneous transaction, where one currency is traded for another in real time. This is basically a very large market entity that is based on very liquid financials and does not really function in the traditional terms. The transactions are all done electronically or over the telephone. Get all the info you need here.
Table Of Contents
Chapter 1: Forex basics
Chapter 2: Markets The Forex Taps Into
Chapter 3: Exchange Rate Regime And Exchange Rate Flexibility
Chapter 4: Fixed Exchange Rate Measured Against Floating Exchange Rate
Chapter 5: Who Are The Participants In The Market
Chapter 6: How Economic, Political And Market Psychology Dictates Forex Temperament