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where is the currency traded? what are the main factors considered by the traders while doing the trading?

Hi there

where is the currency traded? what are the main factors considered by the traders while doing the currency trading?

thanx

Public Comments

1. Currency as in for personal use?
At a travel agent, post office, bank

The exchange rate depends on the value of the £/$ against the value of the other country - baically, if the economy is doing well, we get more of their money for ours, and if it's rubbish, we get less.

2. I believe you are talking about "forex trading" most of forex trading is done between banks, governments and speculators - see this link with more information

http://en.wikipedia.org/wiki/Foreign_exchange_market

Anyone can now trade in forex online through sites such as

http://www.forex.com/uk/index.html

And learn how to do it through sites such as

http://www.learntrading.co.uk/currency_trading_beginners.htm

Basically the main consideration for traders is "how do I make a profit out of this deal"