Most of the personal traders using online forex brokers do so in order to speculate on exchange rate movements for the potential profits they hope to earn. The foreign exchange market works through financial institutions , and operates on several levels. The first currency XXX is the base currency that is quoted relative to the second currency YYY , called the counter currency or quote currency. December 17, at
In order to use all of the functionalities on our homepage, and not expose your computer to security risks, we recommend that you update your current browser to a newer version. Unlike most other banks we offer over the counter services to everyone, regardless if you are a customer at FOREX Bank or not. You can also withdraw money from your credit card. Remember to check the rules from your card issuer regarding amounts and possible fees first.
You can transfer money to an account in another Swedish bank. We cannot assist with transfers to foreign banks. If you want to send money abroad you can use the Western Union service, available in all our branches. When you cash bankgiro or plusgiro slips we can give you the money in cash or deposit it onto a bank account of your choice.
Not just that you can execute your trade from the comfort of your bedroom. Everything is via the electronic medium and a strong global trading network. So unlike a stock market trader, you do not have to give up everything to trade in the forex market. You can even double up as a stock market as well as a forex market player. In your free time or in between breaks from the stock markets, you could easily dabble in the Over The Counter forex market.
Speed is another hallmark of the Over The Counter Trade. While order submissions and order executions could be time-consuming, the OTC trade in forex market ensures that all transactions are quick, easy to execute and instantly applicable.
Depending on the market condition you can exit and enter at will. Some of the key products used for trading via Over The Counter transaction in the forex market include:. There can be various other permutation and combinations of these while the actual trade is executed but essentially these constitute the primary ingredients of the OTC forex market broth. Well, after the products, it is about the players. Right at the top we have the top money dealers including,.
The next sub-group of the leading forex market players using the OTC channel includes both financial as well as retail participants. Even hedge funds, pension funds, MFs and other high networth investors have a significant stake in the final OTC forex market pie.
To draw to a close, the OTC forex market is expanding by leap sand bounds. The efficiency and the free flowing structure is what attract maximum traders to it. Must mention that ease of use is another big thumbs up. This eBook shows you the shortest way to acheive Financial Freedom: Just before you go, did you check This System?
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