In Australia, foreign exchange market is one of the country's principal source of income for the Australian government. The Australian Dollar or AUD is the fifth most traded currency in the Forex market in line with the USD, EUR, JPY and GBP.
The Atradius Group provides trade credit insurance, surety and collections services worldwide, and has a presence through 160 offices in 42 countries. Atradius has access to credit information on 52 million companies worldwide and makes more than 22,000 trade credit limit decisions daily. Its products and services aim to reduce its customers' exposure to buyers who fail to pay for the products and services they buy. With total income of more than EUR 1.7 billion and a 31% share of the global trade credit insurance market, its products help protect companies throughout the world from payment risks associated with selling products and services on credit.
Trading in the FX market is very simple, and if you have any experience at trading in other markets, such as the stock market, then you should be able to pick it up pretty easily. The aim of forex trading is to exchange one currency for another in the hope that the currency that you bought will increase in value compared to the one you sold. Here is an example of a profitable forex trade...
Will the greenback succeed in bringing down the euro and pound in a not dissimilar way to that in which Nino Brown was said to have killed his own mother?