Commercial Traders:
A trader who uses the future market to hedge against current business activities. In order to minimize the losses on other trades trade or multiple trades are opened in order to try minimizing loss.
Forex
COMEX GROUP LTD was founded with a purpose of specializing in the forex brokerage with access to all banks’ and liquidity-providers’ execution and very narrow pricing. We continue to provide the lowest cost to any forex trading as we continue to work out hard to make better our system for our traders. Further we also place much focus on a low existing potential, above quality execution with leverages that is flexible in nature and most importantly a trusted trading system framework.
History of Forex
The gold standard system established in 1875 was one of the most important events in the history of foreign exchange. Before that, countries all over the world generally used gold and white clouds as their international means of payment. After the collapse of the Bretton Woods system in 1972, the main international exchange rates floated freely, and the trading volume of the foreign exchange market was greatly expanded. Nowadays, institutions and individuals closely related to foreign exchange are using the foreign exchange market to pay for goods and services, trade financial assets, or hedge them to reduce the risk of currency changes.
At present, currency exchange does not need a central market, but uses advanced technology on the Internet. The foreign exchange market is open 5.5 days a week, 24 hours a day, and currencies are traded in major financial centers in all regions of the world. There is little or no "inside information" in the foreign exchange market. Exchange rate fluctuations are usually caused by real money flows and forecasts of global macroeconomic conditions. For the disclosure of important news, in theory, everyone around the world will receive the same news at the same time.
