Forex market is an over the counter market, through which we can convert one country's currency into another. Participants like market makers, brokers, corporate and individual customers are physically separated from each other. A Forex trader can work from home or office at his chosen hours of work and also the working of the market is divided into three sessions -
First session of the trade i.e. the Asian session, (Tokyo, Hong Kong, Singapore) starts on Sunday evening at around 7.00 p.m. EST (Eastern Standard Time).
The second session begins in London at 2.00 a.m. EST.
Third and final session in New York at 7.00 a.m. EST and ends at about 5.00 p.m. EST at Los Angeles.
[...] then also the buyer has right to buy that lot at the rate of 40Rs./USD By this way he can save 2Rs./USD. Option Market Put Option: “Right to Sell” In previous example, after 3 month, if Rupee appreciates and reach the level of 38Rs./USD Then also that person can sell that lot at the rate of 40Rs/USD Again, gain of 2Rs/USD!! Swap markets Currency Swap is a foreign exchange agreement between two parties to exchange a given amount of one currency for another and, after a specified period of time, to give back the [...]
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