Important Things to know about your Currencies


This article is taken from the Forex Journal (October 2008 issue).

The author, Sunil Mangwani, is a Physics graduate with a Diploma in Financial Management. He has been trading the Forex market for the last 6 years and devises simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis.


  • Sunil Mangwani provides valuable insights into the relationships that exist between various major currency pairs and other major commodity markets. Intermarket analysis is a fairly new field of market study that is coming of age.

The Forex market is the largest financial market in the world, trading nearly $4 trillion each day.

This figure is ascertained by the Bank of International Settlements (BIS), which surveys major Forex market participants every three years. It creates a volume estimate based on the information it gathers. The most recent Bank of International Settlement survey was completed in April 2007 and yielded the estimated volume figure of Forex and related markets at over $4 trillion. On an interesting note, this figure represents an increase in volume of about 70% from the 2004 survey.

Since the Foreign Exchange currency market is a highly dynamic market with price oscillations within a single minute, it allows traders to enter and exit the market many times a day.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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