Comments on: Forex - where money exchanes hands ? http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 23:54:25 +0000 http://wordpress.org/?v=2.3.3 By: robrobiii http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11797 robrobiii Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11797 Forex is over the counter. The exchange is done in electronic accounts, you do not have exchange cash, you just need an account with a trader. Forex is over the counter.
The exchange is done in electronic accounts, you do not have exchange cash, you just need an account with a trader.

]]> By: Ross M http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11798 Ross M Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11798 This is a loaded question. Forex is all electronic and over the counter. No central location. Forex dealers act as sort of a middle man between buyers and sellers. This is a loaded question. Forex is all electronic and over the counter. No central location. Forex dealers act as sort of a middle man between buyers and sellers.

]]> By: Song J http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11799 Song J Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11799 it is working like following: 1. every bank have some different international curency reserves. if you buy from them they can give you , but they have to get those money from relative countries, like us$ from usa, rmb from china. it is the bank where you purchase the money give you the money. 2. how can they get those money? they have two kind of ways to get that money: one : they use international settlement money ( like us$, euro, etc ) to buy the currency ( rmb, AU$, etc.) they need from relative countries' bank ( people's bank of china, bank from austrilia, etc ); second: they use gold to buy the currency they need. it is working like following:

1. every bank have some different international curency reserves. if you buy from them they can give you , but they have to get those money from relative countries, like us$ from usa, rmb from china. it is the bank where you purchase the money give you the money.

2. how can they get those money? they have two kind of ways to get that money:
one : they use international settlement money ( like us$, euro, etc ) to buy the currency ( rmb, AU$, etc.) they need from relative countries' bank ( people's bank of china, bank from austrilia, etc ); second: they use gold to buy the currency they need.

]]> By: Suzane P http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11800 Suzane P Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/02/26/forex-where-money-exchanes-hands/#comment-11800 Forex traders trade exclusively "Over the Counter" (OTC), meaning that all deals take place between the buyer and the seller, with no stock-market mediation. This unique aspect allows the private traders, with or without experience, to trade in a market in which companies and corporations actively participate as well. This market's great liquidity allows the trader to withdraw his funds at anytime. The buying and selling is done by the broker and any + / - is also done from you broker trading account and only profit is transferred to your account. Regards Forex traders trade exclusively "Over the Counter" (OTC), meaning that all deals take place between the buyer and the seller, with no stock-market mediation. This unique aspect allows the private traders, with or without experience, to trade in a market in which companies and corporations actively participate as well. This market's great liquidity allows the trader to withdraw his funds at anytime.

The buying and selling is done by the broker and any + / - is also done from you broker trading account and only profit is transferred to your account.

Regards

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