Foreign exchange market is called Fx or Forex in short, so trading in foreign exchange market is called Fx trading or Forex trading. Actually this is the most fast and exciting market. But in the past large financial institutions, Corporations, Central banks lead this foreign exchange market mainly and also so much wealthy individuals only involve in this.
But today everything has change because of internet. After the emergence of internet every individual or any one who has good knowledge about Fx trading can buy and sell currencies by using only one mouse click. It became so simple because of internet so anyone who has a high speed internet connection and a computer. But most important thing is trader should have good knowledge about this fx market.
In fx market daily currency fluctuation are usually very small. Most currency pairs move less than one cent per day. As well as in this Fx market leverage is high as 250:1 sometimes this kind of higher leverages are very much risky.
Because of extreme liquidity and higher leverage this became ideal place for lot of traders. Positions can be held for months and also can be closed after few minutes.
Forex market provides lot of opportunities for investors or traders who are new. This is just a basic knowledge about what is this fx market I’ll come with another post which introduce more about this.
Read every post in this blog about fx trading to gather knowledge on this.
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