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What Is Forex Trading?

A New Kind of Trading

The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies.

Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the world's largest and most liquid asset markets.

Currencies trade against each other as exchange rate pairs. For example, EUR/USD is a currency pair for trading the euro against the U.S. dollar.

Why Choose Forex Trading

Market is large and global

The foreign exchange market is truly expansive with traders participating from all parts of the world. The importance of foreign exchange market is evident from the fact that more than $4 trillion are exchanged on an average in the currency market every day. Other factors that make it a lucrative trading place are largely derived from the fact of the market's .

Good for beginners

First-time traders looking to make small investments can easily enter the forex market. One of the many advantages of foreign exchange is that brokers offer a provision of demo accounts. Using these, rookie traders can test their skills in a market simulation before committing to any deals Because of the high liquidity of currencies...

Round the clock market

Given that the forex market is global, trading can take place almost continuously as long as a market is open somewhere in the world. It operates five days a week, for 24 hours each day. The first major market opens in Australia’s Sydney at 5 pm on Sunday and trading ends when the US’ New York market closes at 5 pm on Friday.

Leverage

Foreign exchange brokers allow retail traders to borrow against a small amount of capital, thereby offering a chance to open a high position. The amount of money you raise from leverage is generally represented as a ratio. For example, 1:30 would mean that your leverage is 30 times what you actually invested in the market.

Liquidity

Due to the large volume of trading activity that occurs round the clock in the forex market, it is considered the most liquid market in the world. Liquidity refers to the ability of assets to be bought and sold with little effect on their value. In the case of forex markets, liquidity allows you to trade with minimal risk.

Volatility

Geopolitics, economic stability, policies, natural calamities and trade deals are among a long list of forces that influence the market. A small development in any of these translates into a major shift in the market. This sensitivity of a market is called its volatility. When values of currencies change for the better due to these determinants, they result in major profits..

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