The concept of the foreign exchange market meant by a certain platform on which exchange currency of one country for currency of another by a particular exchange rate. Structural foreign exchange market is divided into two major blocks: the global and the national currency market. National foreign exchange market is designed to convert foreign currency into the national and vice versa. The main contractor on the national currency market - the Central Bank.
    The global currency market currency freely traded around the world, its share on the stock exchange and OTC market. Foreign exchange market involves the circulation of currency and financial instruments in foreign currency exchange, in particular, futures, with the appropriate regulations and accounting. By the OTC market include the interbank foreign exchange market and FOREX (from the English. FOReignExchange - the interbank foreign exchange market at free prices).
    Derivatives exchange market can be a stock exchange, in the case of futures and OTC, in the case of forward contracts.
  



     In the modern world
currency market and foreign exchange transactions are not the last role. In the context of widespread dissemination of foreign trade relations between countries, this institution is an integral part of the world economy. In fact, the world's currency markets provide for timely implementation of international payments. In addition, they perform such functions as insurance against exchange rate risks and diversification of currency reserves. And lately, these operations are becoming more widespread, which displays the currency and money markets abroad appendage to the international settlement and payment relationships. This gives him the status of virtually independent of the economic structure. And that is what determines what is today the world currency market - a great opportunity to profit from the transactions of purchase - sale of foreign currency. This feature provides a formed on the date the monetary system based on floating exchange rates and the development of telecommunication technologies.



   Classification
of foreign exchange markets is complex and is divided into a number of
respects: the degree of organization, type of currency and instruments,
foreign exchange restrictions and the field distribution, the method of
operation of currency markets
.
There
are markets that can not be unambiguously classified, that is
attributed to strictly the same class as the same term money market.
The basis of the foreign exchange market are national banks and currency exchanges. There are a number of international systems that integrate contractors into a single network. This feature of the foreign exchange market gives him the highest liquidity, among other financial markets. Also
to the peculiarities of the foreign exchange market is attributed the
high volatility and a large amount of wrap-around money.

                                                                    
    Due
to the wide geographical decentralization of the functioning of the
currency market takes place around the clock and do not depend on the
individual market participant.
Most
apart in the structure of the foreign exchange market allocated FOREX,
because it has the largest share of speculative volume and less than the
other currency markets is tied to the material value of traded
currency.
The volume of daily turnover on the FOREX market exceeds $ 5 trillion and this figure continues to grow.


   
Foreign exchange markets of the world naturally have a certain structure. It is composed of national (American, European), international markets and the global market. They differ in scale, level of legal regulation, the amount of currency with which you can transact. National (eg, the European currency market) are limited to a specific economic area of ​​the region and governed by the law. International
formed in those countries where minimal restrictions on foreign
exchange transactions and are governed by international agreements.
The
emergence of new information technologies (and especially the
development of network Internet) bringing together the disparate
structures into a single world currency market.
This
makes it possible to perform foreign exchange operations almost around
the clock, which
significantly extends the capabilities of both large and small
investors, and trading on world currency markets becomes
growing in popularity. Despite some advantages, such a global association of some of the problems and provoking foreign exchange market. In
particular, the question of regulation, since it is necessary to find a
compromise among the approaches to this problem in different countries.
But despite that today the world currency markets is growing interest among businesses and among individuals.

  
   The popularity of this well deserved, since trading on world currency markets provides a substantial profit.
Still, after exchange rates show a very active dynamics. What caused it? On
the currency market affects everything all the political events,
economic conditions of individual regions, the mood of investors.
The
task of any trader (in the matter, a bank employee, or whether it is a
private person) to evaluate the relationship between these factors and
based on that either buy or sell a currency of a country.
It should be borne in mind that money market is tricky, and without proper training it is better not to try to overcome it. However,
overcome problems going way: patience in obtaining the required
knowledge, constant practice and currency markets of the world
necessarily will submit the winner
.