Forex Markets : The Attractiveness Of The Forex Trade
The Foreign exchange market is where banks and other institutions trade currencies. By volume traded, it is the largest market of its kind in the world. Roughly 4 trillion dollars are traded every single day. It is a giant compared to the New York Stock Exchange as the NYSE only trades around 30 billion dollars a day. The difference in size between the two would be like comparing the moon with a gas giant. Since the popularity of the online forex trading, the foreign exchange market has seen further growth.
There isnt really a single market that encompasses the forex market as it is actually made up of many smaller markets that are all tied together. There are however some main financial centers around the world. Financial centers include London (by far the biggest), Tokyo and New York. The forex market is operational 24 hours a day 5 days a week. Trading is not permitted through the weekends. A typical trading day sees markets opening in Asia (Australia, Singapore, Tokyo, Hong Kong) as it moves to Europe before finally ending with the US session.
The internet allows anybody to delve in the world of stock or forex trading. Not just limited to stocks and forex, almost any security can be traded through the internet.
As such, thousands upon thousands of new and experienced traders alike have a wealth of information at their fingertips. Which is great news for online forex brokers. Because beginners that lose money during their first year are all too common. The forex market is such that profits or losses can come at amazing rates.
It is a long and dangerous journey for most forex beginners. Learning the trade from the ground up is essential. Learning from the beginning means avoiding all forms of automated software and forex signals. The beginner should only be concerned with reading and observing price, not trading live accounts. - 23212
There isnt really a single market that encompasses the forex market as it is actually made up of many smaller markets that are all tied together. There are however some main financial centers around the world. Financial centers include London (by far the biggest), Tokyo and New York. The forex market is operational 24 hours a day 5 days a week. Trading is not permitted through the weekends. A typical trading day sees markets opening in Asia (Australia, Singapore, Tokyo, Hong Kong) as it moves to Europe before finally ending with the US session.
The internet allows anybody to delve in the world of stock or forex trading. Not just limited to stocks and forex, almost any security can be traded through the internet.
As such, thousands upon thousands of new and experienced traders alike have a wealth of information at their fingertips. Which is great news for online forex brokers. Because beginners that lose money during their first year are all too common. The forex market is such that profits or losses can come at amazing rates.
It is a long and dangerous journey for most forex beginners. Learning the trade from the ground up is essential. Learning from the beginning means avoiding all forms of automated software and forex signals. The beginner should only be concerned with reading and observing price, not trading live accounts. - 23212
About the Author:
Vincent Khoo has been involved in stocks and the forex market for the better part of the decade. He has penned articles for several finance portals plus the articles on forex signals click here and click here.
posted by X - Men @ 5:46 AM
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