About JJForex

The foreign exchange market is the generic term for the worldwide institutions that exist to exchange or trade the currencies of different countries. It is loosely organized in two tiers: the retail tier and the wholesale tier.
The retail tier is where the small agents buy and sell foreign exchange. The wholesale tier is an informal, geographically dispersed, network of about 1200 banks and currency brokerage firms that deal with each other and with large corporations.
The foreign exchange market is open 24 hours a day, split over three time zones. Computer screens continuously show exchange rate prices. A trader enters a price for the USD/CHF exchange rate on her machine, and can then receive messages from anywhere in the world from people willing to meet that price. It does not matter to her whether the counterparties are sitting in London, Mumbai, or, in New York.....