STATE AND DEVELOPMENT TRENDS OF FOREX MARKET

Abstract

The article analyzes the state and development trends of the FOREX currency market in Ukraine. The main aspects and mechanism of functioning of this market are presented. It is established that nowadays FOREX is the world’s largest foreign exchange market. No less than two trillion dollars are traded here per day, which exceeds the GDP of many countries. Looking at the huge potential and real profitability, new members want to replenish the lists of traders.FOREX is defined as an improved version of the foreign exchange market, which has significant differences in price behavior, trading conditions and trading instruments with regulatory features. It is the best solution, especially if a person wants to find a safe and proven trading platform. The FOREX system is organized in such a way that its participants are verified financial organizations and private brokers with investors. They have direct access to the site, thanks to which all operations are carried out without intermediaries and additional  commission.The essence of FOREX trading is to buy or sell stocks and other assets at the right time to earn a certain amount of money. To start trading on the stock exchange, it is not necessary to have special knowledge or special expensive equipment, but you need to be familiar with the activity. Only a device with access to the Internet and the basic functionality of the site is required for operation.In Ukraine, trading on the FOREX market is not regulated by law, so the activities of forex dealers are carried out almost underground. The issue ofintroducing clear rules of operation for customers, operators and the state as a whole is extremely urgent. Today, most brokers are registered and managed from abroad, and companies in Ukraine, not having licenses and a regulatory mechanism in general, formally provide only information and consulting services on access to analytics and terminals, etc. Many of them are not even represented in Ukraine by an office, and carry out their activities only virtually.