Hello Guys!
Welcome to Forex Industry. Do you ever hear about ‘FOREX’?. Do not simply traded on forex market without guidance okay! So, let’s learn what is exactly forex trading.
Foreign exchange market, also known as the FX or Forex market. Forex involves exchanging of currency to another at agreeable price. Thus, forex market amazingly provides opportunities for investors to profit from changing currency values.
Market in forex trading involves Businesses, Governments, Banks and Traders intention to determines the foreign exchange rate. Whereby, buying, selling and exchanging currencies at current or determined prices on chosen currencies rate. Forex market is global centralized and only open in weekdays for 24hours!.
Do you know forex market is the largest financial market in the world with a daily turnover of $5 trillion!. It is huge amount compared to the biggest stock exchange markets. Of course, the retail forex trading doesn’t make up most of the volume. Somehow, daily trade volume of retail traders is around $1.5 trillion. Don’t worry too much either don’t overconfident, but with strong knowledge and character you may survive peeps!
Stay tuned for more on our next post, Okay!.
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