What is the Forex market?
FOREX: These initials stand for FOReign EXchange, and it’s the largest financial market in the world, with a daily volume of near $2 trillion dollars, dealing in currencies, where the most traded currency is the Euro/USD cross. It is the largest financial market in the world, having more than 30 times the daily volume of the NYSE and NASDAQ markets combined. This market has no physical location, and it works basically like the Internet being a truly global market working 24 hours a day non-stop all over the world and 5 days a week. Forex is part of the bank-to-bank currency market known as the 24-hour Interbank market. 09. Why trade Forex? Some of the major reasons are: – Availability: It’s open 24 hours a day, 5 days a week, so we are able to make trades and win money any time we want. It’s a market without overnight gaps or interruptions and a trader can have profitable market conditions at any time; – Liquidity: It’s the most liquid market in the world, having around 33 times more l
