JoomlaLock.com All4Share.net

 

I Have:
I Want:

What Is Forex?
The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros(EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day. (The total volume changes all the time, but as of August 2012, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U.S. $4.9 trillion per day.)

One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.

Spot Market and the Forwards and Futures Markets
There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market and the futures market. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.

What is the spot market?
More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal". It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.

What are the forwards and futures markets?
Unlike the spot market, the forwards and futures markets do not trade actual currencies. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement.

In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves.

In the futures market, futures contracts are bought and sold based upon a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange. In the U.S., the National Futures Association regulates the futures market. Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterpart to the trader, providing clearance and settlement.

Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. The forwards and futures markets can offer protection against risk when trading currencies. Usually, big international corporations use these markets in order to hedge against future exchange rate fluctuations, but speculators take part in these markets as well. (For a more in-depth introduction to futures, see Futures Fundamentals.)

Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market.

 

Required *

  Refresh Captcha  
 

Contact Us

Unicorn Tourism & Tours Services Pvt. Ltd.

Shop No.004, A-wing,
Royal Shalibhadra Complex Bldg no.02, Pleasant Park,
Mira Road ( E ),
Thane - 401107 India

Mob: 9820515121 / 9833515121

Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

Visitors Counter

Latest News

 
 
HOLIDAY LIST
Holiday List for the month of March has been updated..
KOREA
W.E.F 10th February 2020 Korea Consulate Mumbai will Required attach form and Declaration letter from the applicant with mention we are aware Korea country is effected by Coronavirus and passenger is travelling in his own risk with sign and contact number along with documents..
POLAND
W.E.F 13th December 2019 Poland VFS Is Starting In Mumbai So Now All The Visa Applications We Have To Submit In The VFS With Prior Appointment Instead Of The Consulate, All The Applicant Have To Come Personally For Submission And Biometrics At VFS With Prior Appointment..
MALAYSIA
Please be informed that applications for eNTRI Note will be available until 31st December 2019 only as its not yet extended. So please get your visa done before 31 Dec 2019 for travel upto 31st mar as its a single entry 3 months valid visa.
THAILAND
The Ministry of Interior of the Kingdom of Thailand will implement a temporary Visa on Arrival fees exemption scheme, Which is extended from 01st Nov 2019 to 30th April 2020.e..
ISRAEL
With Effect From 30th Oct 2019 Israel Consulate Mumbai will not process any application till further notice due to their internal Issue. Please note VFS will accept the application with letter from applicant mentioning that if the visa not come on time then VFS & Consulate will not be responsible for the same..
THAILAND
Thailand E Visa On Arrival For Tourist Purpose Has Started...
UAE
Please Notify Agents Not To Apply Visas For Families With Children as Urgent. The New Regulation Required The Child Visa To be Applied Post Approval of Parents Visas..
RUSSIA
From 01st November submission & collection of Russian visa applications shall only be accepted from legal representatives of the passport holders on producing a Rs 100 notarized stamp paper..
THAILAND
The Ministry of Interior of the Kingdom of Thailand will implement a temporary Visa on Arrival fees exemption scheme, Which is extended from 01st Nov 2019 to 30th April 2020....
NETHERLANDS
NETHERLANDS Please be informed that The Netherlands embassy will accept only limited number of applications in the months of October and November 2019 due to technical upgrades in their system. Submission and Processing time may also get impact. Few VACs may be completely closed on certain dates...
HOLIDAY LIST
Holiday list for the month of October is updated.
HOLIDAY LIST
Holiday list for the month of September is updated.
CHINA
Kindly note that the Mumbai Chinese Visa Application Service Centre & China Consulate will be closed on 2ndSeptember 2019 (Monday) for Ganesh Chaturthi Festival.

The collection dates will be as follows.

SERVICE SUBMISSION COLLECTION
EXPRESS 28thAug2019 29thAug 2019


NORMAL 28thAug2019 3rdSep 2019


EXPRESS 29thAug2019 30thAug 2019


NORMAL 29thAug2019 4thSep 2019


EXPRESS 30thAug2019 3rdSep 2019


NORMAL 30thAug2019 5thSep 2019


EXPRESS 2ndSep2019 No Service No Service


NORMAL 2ndSep 2019 No Service No Service


 
 
SRILANKA
Indian National travelling to
Sri Lanka from 01.08.2019 to 31.01.2020 for Tourist purpose are Exempted paying ETA fee.( No Visa Fees ) With Immediate Effect Confirm Air Ticket & Hotel Booking is not a Mandatory requirements for Applying the visa.
 
 
SINGAPORE
With Immediate Effect Confirm Air Ticket & Hotel Booking is not a Mandatory requirements for Applying the visa.
 
HOLIDAY LIST
Holiday list for the month of August is updated

DUBAI
Kindly note UAE Immigration will remain closed from 8th August 2019 to 13th August 2019 on occasion of Eid Al-Adha, Therefore we request you to plan your applications accordingly.

MALAYSIA
W.E.F 31st July 2019 Malaysia Immigration had stop Malaysia 30 days multiple entry E-visa till further notice. We can process Malaysia 30 days single entry E-visa and Malaysia ENTRI visa. .



THAILAND Good News : Thai Government has extended the period when you can get a free Visa on Arrival between 01st May 2019 To 31st October 2019.. We can do Thailand E Visa online to Avoid Immigration Rush. Cost Rs 1750 – Per Pax.



SINGAPORE W.E.F. 29th April , the Consulate in Mumbai will require Strictly the below documents for Visa Application Visa form signed by Pax only with blue pen as per Passport , For children take signature of both parents . Covering letter require Husband & Wife Both Signature on it if travelling in family along with Head of the family contact number . Covering Letter should mention {Travel date / Passport Details / Business or Working details with company name, address & contact number / Hotel address in Singapore with name.


CHINA The Chinese Consulate Mumbai will be closed on 29th April Due to Elections in Mumbai 1st May to 05th May on the occasion of Labour Day.


EGYPT The Egypt Consulate Mumbai will be closed on 19th April 2019 on the occasion of Good Friday..


CHINA The Chinese Consulate Mumbai will be closed on 19th April 2019 on the occasion of Good Friday. The collection dates are as follows SERVICE SUBMISSION COLLECTION EXPRESS 16thApr 2019 17thApr 2019 NORMAL 16thApr 2019 22ndApr 2019 EXPRESS 17thApr 2019 18thApr 2019 NORMAL 17thApr 2019 23rdApr 2019 EXPRESS 18thApr 2019 22ndApr 2019 NORMAL 18thApr 2019 24thApr 2019 EXPRESS 19thApr 2019 No Service No Service NORMAL 19thApr 2019 No Service No Service .


THAILAND The free visa on arrival system that benefits twenty countries will likely be extended from the end of April for three more months..


HOLIDAY LIST Holiday List of April is Updated.


THAILAND We Are Pleased To Inform You that Thailand E Visa On Arrival For Tourist Purpose Has Started. .


TURKEY With Immediate Effect Turkey VFS Has started accepting Visa Applications, Now All the applications Need To Submit Through VFS Only, Below are the revised Charges. Turkey Visa fees Rs. 4270/- VFS charges Rs. 4210/- ..


CHINA Holiday for Chinese New Year is expected in 01st Week of Feb 2019 for 08 days (exact date are yet to be decided by the consulate ),We request all our Trade Partners to pls apply the visa well in Advance to save Last minute rush ..


EGYPT The consulate in Mumbai has started accepting Visa application from today 14th Jan 2019..


MALAYSIA 15 Days Single Entry Visa Application is started with Immediate effect from 11th Jan 2019 Till 31st Dec 2019..


Thailand The cabinet on Tuesday agreed to extend the waiver on the 2,000-baht visa-on-arrival fee for nationals of particular countries until the end of April to boost tourism, according to Tourism and Sports Minister Veerasak Kowsurat.


ISRAEL W.I .E.F 3rd Jan 2019 Israel visa fees will be Rs 1680 for Tourist and Business visa..


TURKEY The Consulate General of Turkey in Mumbai, VFS Turkey Visa Application Centre Mumbai, Pune, Ahmedabad, Bangalore, Chennai, Cochin, Trivandrum, Pondicherry and Goa Will not process Visa Application from 31st Dec 2018 until further notice from Turkey consulate..


SOUTH AFRICA Kindly note that the Mumbai South Africa consulate & Visa Application Service Centre will remain close from 24stDec 2018 to 01stJan 2019 for New Year..

*For Guaranteed best fare of Flights / Hotels / Packages, Just click on below link :* http://uttsworldonline.com.uttsworld.com/




CHINA Kindly note that the Mumbai Chinese Visa Application Service Centre will remain close on 31stDec 2018 to 1stJan 2019 for New Year . The collection dates are as follows Service Submission Collection Express 26thDec2018 27thDec2018 Normal 26thDec2018 2ndJan2019 Express 27thDec2018 28thDec2018 Normal 27thDec2018 3rdJan2019 Express 28thDec2018 2ndJan2019 Normal 28thDec2018 No Service ..



CANADA W.E.F 31st Dec 2018 Canada visa biometrics is mandatory to all applicants above 14 year age to 79 year age while applying application for a visitor visa / study / work permit or for permanent residence. You only need to give your biometrics once every 10 years , Biometrics fees 85 Canadian dollar per applicant ..


EGYPT Consulate in Mumbai Will Remain Closed From 22/12/2018 to 13/01/2019 and will re-Open on 14/01/2019. Kindly Note Consulate will Only Accept Visa Application Submission till 20/12/2018 and on Friday 21/12/2018 Consulate will not Accept any Application..


RUSSIA Consulate In Mumbai Will Remain Closed From 29/12/2018 to 09/01/2019 and will Re-Open on 10/01/2019.


CHINA Chinese Visa Application Service Centre will be closed on 25th December 2018 for Christmas..


CHINA Chinese Visa Application Service Centre in Mumbai will have following adjustments in collection and submission due to some official reasons as requested by the Chinese Consulate General in Mumbai.


FINLAND W.E.F 17/12/2018 All The Applicants has to Come Personally for the Submission, This is applicable for all the Applicants Even to the one who had given there Bio Metric for Schengen Visa Previously.


EGYPT Consulate in Mumbai Will Remain Closed From 22/12/2018 to 13/01/2019 and will re-Open on 14/01/2019. Kindly Note Consulate will Only Accept Visa Application Submission till 20/12/2018 and on Friday 21/12/2018 Consulate will not Accept any Application.


RUSSIA Consulate In Mumbai Will Remain Closed From 29/12/2018 to 09/01/2019 and will Re-Open on 10/01/2019.

ITALY Visa requirements updated.