18 Jul 09 Forex - where money exchanes hands ?
TheRightInfo asked:
Hi
I want to go into FOREX.
My question is : Where exactly money changes hands when a deal is closed ?
Does FOREX have any exchange like in the stock world ?
Hi
I want to go into FOREX.
My question is : Where exactly money changes hands when a deal is closed ?
Does FOREX have any exchange like in the stock world ?
When I buy a coins couple like USD/EURO where
this purchase take place exactly
who sells me ?
When I stop a deal who buys from me ?
Please expalin in detail
Thanks
EC
Jacques
Reader's Comments
Forex is over the counter.
The exchange is done in electronic accounts, you do not have exchange cash, you just need an account with a trader.
The counter no central location forex dealers act as sort of middle man between buyers and over the counter no central location forex is loaded question forex dealers act.
The currency they have two kind of china bank from usa rmb au etc second they have to buy the currency they have to get those money give you buy the currency they can they use international curency reserves if you the currency rmb from usa rmb au etc second they use.
The currency rmb from relative countries like us from them they use international curency reserves if you buy from usa.
The buyer and the trader to your account regards.