FOREX: What Is Forex Trading ?
Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.
The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney. It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’.
On October 19, the University of Hawaii's Pan-STARRS1 telescope
detected what scientists first thought was a comet, then later
reclassified as an asteroid.
But the space object named 1I/2017 U1, or 'Oumuamua, wasn't just any
asteroid. Based on its strange shape, speed and trajectory as it passed
by, scientists were able to determine something incredible. 'Oumuamua
was our first known interstellar visitor, meaning it entered our solar system from elsewhere in space.
"For
decades we've theorized that such interstellar objects are out there,
and now - for the first time - we have direct evidence they exist," said
Thomas Zurbuchen, associate administrator for NASA's Science Mission
Directorate in Washington. "This history-making discovery is opening a
new window to study formation of solar systems beyond our own."
Learn more about the groundbreaking discovery and NASA's initial observations below.
If the object is indeed an asteroid, it's definitely a strange
one because of its elongated shape -- its length to width ratio is
10-to-1, puzzling astronomers as they've never seen anything quite like
it before.
It's so unique, in fact, that scientists are actually
investigating the possibility of it being an alien probe -- though
obviously, this is a long shot. Researchers with the Breakthrough Listen
program have announced they will use the Robert C. Byrd Green Bank Telescope to observe ‘Oumuamua for 10 hours on December 13.
They'll be searching for signals at frequencies of 1-12
GigaHertz emanating from ‘Oumuamua, which is already twice the distance
between Earth and the Sun away from us, but still close enough for
transmissions to be detected. It's possible they could find evidence of
extraterrestrial activity or technology.
(via IFL Science and NASA)
If nothing else, these observations could provide important
information that sheds light on the space oddity. What do you think it
is?
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