Because governments, corporates and private individual who require currency exchange services are spread around the world, so trading on the forex market never stops. The Forex market works 24 hours and 5-1/2 days a week. Let us now consider the following reasons why so many people are choosing forex market − Forex market never sleeps Primarily, making money is the most frequently cited reason for why trade Forex. If we ask four different people, you might get more than four different answers. So, why trade Forex? There are many reasons to trade in Forex. With the irregularity in the performance in other markets, the growth of forex trading, investing and management is in upward trajectory. The liquidity (more buyers and sellers) and competitive pricing (the spread is very small between bid and ask price) available in this marked are great. It is the largest liquid market in the world. It is a decentralized global market where all the world’s currencies trade with each other. What is Forex?įorex (in simple terms, currency) is also called the foreign exchange, FX or currency trading. The investors have discovered several advantages many of which are not available in the other markets. The forex market measuring a propelling turnover is one of the many reasons why so many private investors and individual traders have entered the market. The global Foreign exchange market (‘FX’, ‘Forex’ or ‘FOREX’) is the largest market in the world as measured by the daily turnover with more than US$5 trillion a day eclipsing the combined turnover of the world’s stock and bond markets. The one good thing about entering into the forex market is that you can trade anytime as per your convenience.
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