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FOREIGN EXCHANGE-THE FASTEST-GROWING MARKET OF OUR TIME

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FOREIGN EXCHANGE- THE FASTEST-GROWING MARKET OF OUR TIME DIFFERENT WAYS TO TRADE FX ______________________________________________________________ Over the past few years, the FX market has evolved significantly. Many products have been introduced as alternative ways to invest in or trade currencies. Foreign exchange spot is the oldest of these markets and represents the underlying for many of the new derivative products. Options, futures, and forwards are the next oldest, but forwards are generally limited to a nonretail audience. An entire book can be dedicated to the differences between all of the new derivative products, but for the purpose of this book, here are some basic descriptions as well as general advantages and disadvantages (there may be many others that are not included in this list). Spot The FX spot market is the largest market in the world with a daily turnover of over $3 trillion. Quoting Convention   Spot forex is quoted in pairs. If t