Last week our review of Forex Killer was based on the basic principles that govern this exciting industry. This week we will extend our discussion to Forex Systems and various other aspects of the Forex Killer industry as well a continued review of Forex Killer!
Well, they come in two flavors, FLEXIBLE or FIXED. In the Flexible Forex Rate System, the central bank is responsible for adjusting the exchange rate according to supply and demand.
A Fixed Forex Market System applies when the Bank acts as a buffer between currencies and has to buy or sell in order to temper the effects of currency market price fluctuation.
In order words for each price increase of one currency, the Central Bank must sell in order to compensate for the increase. Likewise, when a currency market price decreases, then the Bank must now buy more of that currency so that the market valuation for that currency is re-established.
Just like a Pendulum swings in an ever lasting attempt to reach a status where the swinging movement stops, so that the Bank act to stop currency fluctuations until the balance is re-established.
How much is it all worth it then?
The Forex Market is the biggest financial market worldwide. When it comes to money, there isn’t anything like it out there, which makes this market a so very yummy proposition for all of you potential forex trading killers out there.
Indeed we are taking about insane amounts of money here. So much so that you would need 12 zeros to the right of the number 2 to get a representation of what that market really is, and that would just be for a single day’s trade!
For a Forex Killer Trader, that is “just” 2 trillion USD. My wife likes to repeat aloud two thousand million dollars, punctuating between each word as she hands me my lunch sandwich every day on my way to work and as for, 2,000.000.000.000 is enough to make me dizzy!
As an “Over The Counter” operation, the Forex Market relies on a computer network and as opposed to the more traditional brick and mortar institution. It is open to traders 24 hours a day and is uniquely suited for both the cooperate trader and the at home trader.
Forex Traders or FX Traders as they are also known are in the business of buying and selling currencies from each other. The results of these transactions are then fed into these networked computers in order to be displayed on official quote screens.