Forex Trading – the reasons and functions
Just the German foreign trade (Import & Export) amounts to annually over 1,000 billion U.S. dollars of which about one third of the total concerns the trade between U.S. dollar economy.
This means, that only in Germany, they need to change every year about 600 billion Euros into U.S. dollars and/or vice-versa for its goods. It is all transactions of the tertiary sector (tourism, transportation, transfers of services for industries) are not even included.
It follows both exporters and importers as well as international service-industry vendors need to secure for their currency dealings.
The fully automated trading system, MetaTrader 4, many brokers offer their clients.