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Sat, Sep 19 2009, 14:11:05 GMT NEW YORK 10:11 LONDON 15:11 PARIS 16:11 FRANKFURT 16:11 HONG KONG 22:11 TOKYO 23:11 SYDNEY 00:11
Forex Cult

Forex Cult is A Forex News and Articles site, NOT a FOREX Service Provider.

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usedeposit.com is one of a leading independent portals dedicated to the Foreign Exchange (Forex) market, it was brought to life in 2005 by a group of U.S. economists, usedeposit.com has grown to become a trusted source of Forex for thousands of users throughout the world, the usedeposit.com portal has always been trying to provide neutral and unbiased information, to enable our users to take better and more confident decisions. On the portal you'll find: real-time quotes, news, newsletters and interactive comments of people all over the world among the most well-received content. Furthermore, usedeposit.com sections include also a fundamental and technical tools, charts and rates along with a unique toolbar, as with these sections usedeposit.com has managed to gain the massive popularity from the Forex specialists and novice users alike so either if you're an individual professionals, a small company or a Forex Brokers and Investment Banks, your source for relevant and reliable news and articles is usedeposit.com

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Jordan Zimmerman
usedeposit.com CEO


What is Forex?

Foreign Exchange, also known as Forex, or FX, is more commonly referred to as Currency Exchange, quite simply, the trading of one currency for another.

The FX market is the world's largest market, daily trading volumes exceed $1.5 trillion per day, easily dwarfing markets such as the NYSE (about $30 billion in daily volume).

The Foreign Exchange markets trade 24 hours per day, as the market moves from time zone to time zone, with major dealing centers today in London, New York, Tokyo, Zurich, Frankfurt, Paris, Hong Kong, Singapore, and Sydney. Easily the most liquid market in the world, investors, fund managers, corporations, banks and investment houses are able to take advantage of the 24 hour Forex market, in order to profit by and hedge their financial positions worldwide.

Additional forex Information can be found on Wikipedia.

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