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How is the global foreign exchange market structured? Are digital telecommunications replacing people? Please try to respond...

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Finance

How is the global foreign exchange market structured? Aredigital telecommunications replacing people?

Please try to respond with 450 words if possible please. Thankyou so much.

Answer & Explanation Solved by verified expert
4.5 Ratings (882 Votes)
For retail trader understanding the structure of forex market is something that is often overlooked This is critical element that needs to be considered when designing and implementing any trading plan The forex market differs other global markets due to tha way it is structured The main factors affecting the structure of the forex maket are the ways the forex products are traded the participants and their motivation regulation and sheer size of the market Since transaction in the forex market are done over the counter OTC and not though the central exchange OVER THE COUNTER The first thing to understand    See Answer
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How is the global foreign exchange market structured? Aredigital telecommunications replacing people?Please try to respond with 450 words if possible please. Thankyou so much.

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