Forex

Foreign exchange market is the biggest money market in the world for selling and buying currencies. It is also the most liquid market in the world, since it’s actively being trade for 24 hours a day. The market participants including central banks, commercial and investment banks, speculators both corporates and or individuals, governments, and many financial institutions.Foreign exchange market is a simple market. Currency pairs, for example EUR/USD and USD/JPY affect each other and create value of foreign exchange. The above pairs, explain value of EUR to USD and USD to JPY. So, pairs describe the value of one currency to another which shown as one price pair called quote price. Value of currencies affected by various issues, such as economic figures, political policy, social issues, etc.The global foreign exchange and its related market has been continuously grow on the daily volume average. It’s daily turnover was reported over US$ 3.2 trillions for the month of April 2007 (Bank for International Settlements). According to Euromoney’s annual FX Poll, the volumes grew for 41% between year 2007 and 2008.

Transaction in foreign exchange market is based on a contract through Over The Counter (OTC) and Inter-Bank Market. All accounts for individuals are open in US$, and no funding facilities are accepted, including Bank Guarantees, Custodian Services, etc.

First State Futures is services are optimized for institutional trading activities. Recommended deposit size for this type is considered more than US$ 10,000. For minimum deposit size, would be varied, depends on the client’s profile and type of account.