What Is Forex Trading? Is It Right For Me?
Foreign Currency Exchange (FOREX) Trading is an exhilarating way to trade foreign currency in a market that runs 24 hours a day, five days a week. The Forex market is also the most volatile financial market in the world. It doesnt have a physical location, trading floor or central exchange like the NYSE or futures market does, but instead it functions and operates amid a global network of banks with trades taking place over an electronic network or by phone. With its nearly nonstop currency market where Forex brokers trade in the currencies of the world, profits are made or lost depending on how various nations currencies increase or decrease relative to each other. Current, real time events can influence currency prices and thus Forex trading brokers typically keep track of worldwide events on a minute by minute, hour by hour basis each day.
Even though Forex trading is volatile, there are many things to like about it. Since the Forex Trading System is open 24 hours a day, the majority of each week, it allows for ample time and numerous trading opportunities around the clock. This means Forex Brokers are not...
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