"How To" Start Trading The Forex Market?
What Is FOREX or FOREX MARKET? PART I
The Foreign Exchange market (also referred to as the Forex or FX
market) is the largest financial market in the world, with over
$1.5 trillion changing hands every day.
That is larger than all US equity and Treasury markets combined!
Unlike other financial markets that operate at a centralized
location (i.e. stock exchange), the worldwide Forex market has
no central location. It is a global electronic network of banks,
financial institutions and individual traders, all involved in
the buying and selling of national currencies. Another major
feature of the Forex market is that it operates 24 hours a day,
corresponding to the opening and closing of financial centers in
countries all across the world, starting each day in Sydney,
then Tokyo, London and New York. At any time, in any location,
there are buyers and sellers, making the Forex market the most
liquid market in the world.
Traditionally, access to the Forex market has been made
available only to banks and other large financial institutions.
With advances in technology over the years, however, the Forex
market is now available to everybody, from banks to money
managers to individual traders trading retail accounts. The time
to get involved in this exciting, global market has never been
better than now. Open an account and become an active player in
the largest market on the planet.
The Forex Market is very different than trading currencies on
the futures market, and a lot easier, than trading stocks or
commodities.
Whether you are aware of it or not, you already play a role in
the Forex market. The simple fact that you have money in your
pocket makes you an investor in currency, particularly in the US
Dollar. By holding US Dollars, you have elected not to hold the
currencies of other nations. Your purchases of stocks, bonds or
other investments, along with money deposited in your bank
account, represent investments that rely heavily on the
integrity of the value of their denominated currency