Monday 16 December 2013

What is forex

Introduction.
The Forex market has quickly become the world's largest financial market, with an estimate daily turnover of $5.3 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 Forex 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.
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.




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