Today the daily global turnover is guestimated to be more than US $ 1.5 trillion a day.
The international trade however constitutes hardly 5 to 7 % of this total turnover.
The rest of trading in world forex markets is constituted of financial transactions and speculation.
As we know that the forex market is 24-hour market, the day begins with Tokyo and thereafter Singapore opens, thereafter India, followed by Bahrain, Frankfurt, Paris, London, New York, Sydney, and back to Tokyo.
The international trade however constitutes hardly 5 to 7 % of this total turnover.
The rest of trading in world forex markets is constituted of financial transactions and speculation.
As we know that the forex market is 24-hour market, the day begins with Tokyo and thereafter Singapore opens, thereafter India, followed by Bahrain, Frankfurt, Paris, London, New York, Sydney, and back to Tokyo.