About Forex
The Forex market has quickly
become the world's largest financial market, with an estimate daily
turnover of $3.2 trillion. It is a market that has great appeal to a
financial trader because of its volume which guarantees liquidity. High
liquidity means that a trader can trade whatever currencies he feels
like at all times, since there will always be someone to buy and sell
any currency he wants. Another outstanding feature of the for
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ex market
is that it is active 24 hours a day and is closed only on the weekends.
This means that unlike the stock market for example, traders in the
forex market don't need to wait for a bell to ring, but can make trading
decisions around the clock.
Enter the internet into the
equation. Now the forex market is literally at your fingertips. Most
brokers offer online trading facilities which enable you to trade simply
by clicking a button, instead of the traditional phone call. The
internet has really revolutionized the industry, making the retail
section of the market more dominant than ever.
