Foreign exchange service (finance)
- Foreign exchange service (finance)
In finance, a foreign exchange service provides clients with an on-line platform to trade currency, such as the U.S Dollar and the Euro. Clients may hedge against, or more likely speculate upon, changes in the exchange rate for different currencies.
The small "retail traders" who are likely to use these services are often the target of forex scams. The U.S. Commodity Futures Trading Commission, which loosely regulates many foreign exchange traders in the U.S., has warned of an increase in the number of these scams.
References
See also
* Currency
* Currency conversion
* Foreign exchange market
* Forex scam
Wikimedia Foundation.
2010.
Look at other dictionaries:
Foreign exchange service — may refer to: *Foreign exchange service (finance) *Foreign exchange service (telecommunications) … Wikipedia
Foreign exchange — may refer to:* Exchanging money in one currency for another, traded on foreign exchange markets * Foreign exchange service (finance), a trading platform * Foreign exchange service (telecommunications), connection of a phone to a non local office… … Wikipedia
Foreign exchange trading — or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro… … Wikipedia
Foreign exchange market — Forex redirects here. For the football club, see FC Forex Braşov. Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange… … Wikipedia
Foreign relations of South Korea — The foreign relations of South Korea are dominated by its relationships with North Korea, Japan, China and United States.The Constitution of the Sixth Republic vests the conduct of foreign affairs in the presidency and the State Council, subject… … Wikipedia
Finance Minister of Nigeria — The Minister of Finance of Nigeria is a senior cabinet official in the Nigerian Federal Executive Council. The Finance Minister s main responsibility is to manage the finances of the Nigerian treasury in a transparent, accountable and efficient… … Wikipedia
Foreign internal defense — (FID) is used by a number of Western militaries, explicitly by the United States but sharing ideas with countries including France and the United Kingdom, to describe an approach to combating actual or threatened insurgency in a foreign state… … Wikipedia
Foreign domestic helpers in Hong Kong — Foreign domestic helpers (zh t|t=外籍家庭傭工) in Hong Kong are domestic workers who work in Hong Kong but are from outside of Hong Kong. They make up approximately 3% of the population of Hong Kong and an overwhelming majority of them are women. In… … Wikipedia
Foreign Direct Investment in Iran — has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early 2000s the Iranian government liberalized investment regulations. In the early 2000s, foreign investors have concentrated… … Wikipedia
Foreign relations of Mexico — Mexico This article is part of the series: Politics and government of Mexico … Wikipedia
