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Published on Feb 24, 2012
MORE DETAILS.... http://bit.ly/k8v31S The work of leverage Apart from leverage broker companies provide an opportunity to trade using cent accounts and work with fractional lots. In this case a trader gets an opportunity to work with deposits from US$1 (at cent account it is equal to 100 units) that by means of leverage will allow him to open a transaction at volume of 10 000 (0,1 of lot); the transactions at volume of 10 000 or less are called fractional (mini-, micro-) lots. Broker companies cannot lead such micro-transactions at the foreign exchange market separately. Thus in case of work with cent accounts, the consolidated position is led to the market.
Forex (also known as FX, FOReignEXchange) is an international (interbank) financial market for trading currencies. It is world (international) market and so it works round-the-clock (from Monday to Friday). That makes it more attractive in comparison to certain (national) foreign exchange markets, where trading is carried on only within working day. In addition Forex is a leader of total volume of daily transactions among financial markets. Today its daily turnover is more than $4 bln, analytics predict $10 bln increase by the year 2020. Such a huge volume (Forex market volume in daytime exceeds approximately twice the USA annual budget and fourfold - the annual budget of Great Britain) is a guarantee of high liquidity of the market. Liquidity is a currency ability to be changed practically without any difficulties with other currency. There are lots of professionals who work with Forex (banks, trusts, funds, transnational corporations, broker companies). Broker companies act as intermediary between the currency market and individual traders, enabling investors with different financial abilities to carry out operations at Forex and to earn (due to significant leverage) significant means. Not aiming to give full detailed history of financial markets, we will mark some of the most important dates of its development.