According to Bank of International Settlements, as of April 2013, average daily turnover in global foreign exchange markets is estimated at about $5.3 trillion, this is up from $4.0 trillion in April 2010 and $3.3 trillion in April 2007. FX swaps were the most actively traded instruments in April 2013, at $2.2 trillion per day, followed by spot trading at $2.0 trillion.
In Canada, one of the main Currency Symbols that is transacted with individuals and businesses is the USD/CAD. With over 80% of Canadian shipping exports to the United States, it is understandable that this pair is traded mostly by many. Foreign exchange transactions with US Currency & Canada Currency are part of our daily lives, travelling overseas, acquiring Foreign Exchange Rates to convert cash, purchasing international property or speculating trends in the markets..these are examples of how currencies impact our daily decisions. As international companies continue their globalization expansion, the need for diversity in currency transactions will be in demand.
FX is evolving and continually integrated into new products that involve mobile payments. Currency market is growing and as central banks continue to diversify their currency reserve holdings by allocating alternative currencies i.e. CAD & AUD this trend will continue for many years. Understanding this complex market can be daunting yet once understood can be rewarding.
We offer online education and trading knowledge to the individual that is interested in online trading for foreign exchange or businesses that require understanding of currency trends to gauge their next hedge. Trading online can be very risky and always remember that emotion plays a key in all trading decisions. Once your understanding and psychology of trading expands, your knowledge will be more simplistic in achieving your goals. Whether you’re a business or individual comprehending currency markets or direction of currency pairs can be time consuming.
RKTP Capital Management believes empowering your knowledge is the key to understanding this ' niche ' yet volatile market...as a famous quote from Oscar Wilde " You can never be overdressed or over educated ".Consider using our research to assist with your FX needs via subscribing to the " Lambroff Daily Market " report as a gauge and knowledge to market trends.
Let us provide an advantageous approach to your business or individual needs. Our goal is to maximize your Foreign Exchange knowledge and decision! Contact us today!
Note: RKTP is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This information is not a solicitation or recommendation to buy, sell or hold foreign exchange deals. This information is meant for informational and educational purposes only and does not provide investment advice.