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exchange is the
reason why the forex market is the largest, most liquid
financial market in the world. From 1997 to the end of 2000,
daily trading volume from forex trading has surged from 5
billion to 1.5 trillion dollars. Despite this unbelievable
growth, the foreign exchange market continues to grow at a
phenomenal rate. No other financial market has demonstrated
this stellar growth in volume.One unique
aspect of this international market is that there is no
central
marketplace for currency exchange. Instead, trade is
conducted electronically
over-the-counter (OTC), which means that all transactions
occur via computer
networks between traders around the world, rather than on
one centralized
exchange.
The market is open 24 hours a day, five and a half
days a week, and
currencies are traded worldwide in the major financial
centres of London, New
York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris
and Sydney - across
almost every time zone. This means that when the trading day
in the U.S. ends,
the forex market begins in Tokyo and Hong Kong. As such, the
forex market can
be extremely active any time of the day, with price quotes
changing constantly. Trading Forex is truly one of the best
businesses in the world and one of the
most profitable, and once you get it right it gives you
everything you could wish
for. You can run your business from anywhere in the world,
as long as you have
a laptop and an internet connection you are ready to make
money. Not only will your broker open and close trades with
little to no commission they let you have
control of large sums of money with little initial
investment. You have no office
space to rent, no employees to pay and no one to answer to.
Yes, trading the
forex market is the ultimate job and there is nothing else
quite like it in the
world.
Forex is the
world’s largest and most liquid trading market. Even though
it has
been somewhat of a loosely guarded secret, every day more
and more investors
are turning to the all-electronic world of Forex trading for
income and investment
because of its numerous benefits & advantages over
traditional trading vehicles,
like stocks, bonds and commodities.
When you get
this business right, trading Forex can be as easy as picking
money
up off the floor. Others in the industry have also said
“trading Forex is like
having an ATM machine on your own computer.” While both of
these statements
are very possible it is important to keep level headed and
not let the pursuit of
wealth get in the way of realistic goals. As you will soon
discover trading forex is
all about discipline and consistency.
What FOREX
traders do is much less risky than trading currencies on the
futures
market, much more profitable, and a lot easier than trading
stocks and equities.
Forex provides the modern day trader with a much better and
simpler alternative
than stocks. First of all, there are only a few major
currencies to trade; the U.S.
Dollar, Japanese Yen, Euro, British Pound, and Swiss Franc
are the most popular.
A stock trader has to
choose from a group of tens of thousands of stocks. This
increases the complexity of selecting what to trade. |
