You may be new to the Foreign Exchange Market aka; Forex Market or FX, but it’s been around for over thirty years. For the newbies, it is simply the trading and selling of currencies between two countries.
Many of you are more familiar with the stock market and may be trading within your own country. The FX market trades are global…they trade with many other countries and currencies.
Another major difference between the Forex Market and the Stock Market is the hours of operation. The stock market has set business hours while Forex Trading goes twenty-four hours a day.
Did you know that almost two trillion dollars is traded daily on the foreign exchange market? This is much, much higher than any monies traded on the stock market of any country. Why is this the preferred trading amongst the investors? Because whatever is traded, bought and sold on the Forex market can be easily liquidated or turned back into cash. Isn’t that why we trade?
