There are many participants in the US$4 million per day foreign exchange market. They include Banks, Central banks, Commercial companies, Investment management firms, Hedge funds as speculators, Non-bank Foreign Exchange Companies, Retail foreign exchange brokers, and Money Transfer or Remittance Companies. The economic factors of a country influence the exchange rates of currencies. The economic policies of the governments as well as its central banks influence the value of currency. The budget and the spending practices will determine whether there is a budget deficit or budget surplus. If there is

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The foreign exchange market has become an important global economic activity. The market is worth over US$4 million every day. Money managers and forex traders have to keep track of the exchange rates between two currencies constantly. This is a backbreaking task. Fortunately a number of computer software programs are available which makes tracking of all these data and making basic analysis. This has made

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The foreign exchange market is growing at a rapid rate. Investment and trade in currencies has been expanding. The number of players too is expanding. The foreign exchange market is also influenced by the psychology and thinking of the traders and the investors. The investors will seek to transfer their wealth to a safer haven if they feel that it is not safe in a particular country. This can be caused by events that can be internal or even external to a country. That is when currency flees from one country to

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