Wednesday, April 29, 2009

Role of Traders

Traders we essentially mean exporters and importers, international portfolio
investors, multinational enterprises and tourists. These players use the foreign
exchange market to facilitate execution of investment or commercial transactions. Their
usage of the foreign exchange market is necessary but not an incidental purpose of
investment. In other words if an individual wants to trade in foreign currency or foreign
exchange market, the usage of the foreign exchange is but mandatory.
Cable is the Exchange rate between British pound sterling and the U.S.
dollar.

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