Thursday, September 25, 2008

What is Foreign exchange trading?

The Foreign Exchange Dealings for Individual Accounts refers to the firm foreign exchange dealings conducted by the individuals through the service personnel behind the counter or through other electronic banking service methods within the time for dealings set by the Bank. 
  
Dealings can be carried out through the service personnel behind the counter, by telephone and on self-service devices, etc. The three methods each have their advantages
Dealings at the counter can offer the good services which can be felt in a human atmosphere. It is particularly suitable for the investors who have just begun to be involved in the foreign exchange dealings for the individual accounts.
Dealings by telephone can make prompt transactions and can be done in different places. It is particularly suitable for the white-collar investors who are occupied with their work.Self-service dealings can provide substantial information with various charts for technical analysis. It is particularly suitable for the investors who are experienced in the foreign exchange dealings. 
   
Dealings can both be made at the current market prices and on agent basis.
A dealing made as per the market price is otherwise called real-time dealing, which is concluded as per the current prices offered by the Bank.
A dealing made on agent basis is otherwise called a dealing as per offered prices, which means an investor can leave the order for a dealing to the Bank first, and when the quote the bank offers reaches the level expected by the investor, the computer system of the bank will conclude the business immediately in line with the order of the investor. A dealing made through telephone is an operating method that saves both time and energy to the fullest extent. 

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