Not only is the foreign exchange market is the biggest market in the world, it's also the most liquid market and is mainly used by dealers and bankers who exchange a large amount of money. You can trade the forex market anytime during the day, when it's most convenient to you because the forex market is open 24 hours a day 5 days a week. There is around $4 Trillion dollars a day that is exchanged on the forex market.
Exchanges Trading Volume Around The World. "Forex Trading For Beginners".
The New York stock exchange is the biggest exchange where foreign currency is traded. There is between $155-170 Billion dollars exchanged through this exchange on a daily basis. The Australian exchange (ASX) trades about $4-5 Billion dollars a day. Every single asset combined, does not come close to the size of the forex market.
Your orders are executed promptly at any time of the day because the forex market in the biggest market in the world. The cost for a transaction on the forex market is low compared to the stock market because you do not have liquidity issues. In the stock market the more that you order, the higher the brokerage.
Forex Trading For Beginners: When Can I Trade Forex?
The people that primarily invest in the forex market are the big institutional investors. Now due to the advent of the internet and the development of software, anybody has access to the forex market and can make money. The wealthy prefer to trade the forex market because ti transparent, fast and highly liquid.
The Forex market operates between Monday morning Sydney, Australian time through to the afternoon on Friday in New York. There are four different trading sessions that operate during the day; Sydney, Tokyo, London and New York.
Trading the forex market is best done when there is a large amount of volume. Also when there are several currencies being traded i at the same time, this means at this time the forex markets would be liquid and will increase your chances of making a profit. You will find it hard to make money in slower markets because they are not liquid.
Get Involved with forex trading. Forex Trading For Beginners
I:1:P
If you have always wanted to trade the biggest market in the world, but don't know where to start, here is your chance to get involved. You can find out more about forex trading by downloading my FREE FX Report and you will also receive our forex trading for beginners, 6 Part Video Training Series FREE. You can also subscribe to my youtube channel where I discuss various currency pairs and trades that I have taken.
Exchanges Trading Volume Around The World. "Forex Trading For Beginners".
The New York stock exchange is the biggest exchange where foreign currency is traded. There is between $155-170 Billion dollars exchanged through this exchange on a daily basis. The Australian exchange (ASX) trades about $4-5 Billion dollars a day. Every single asset combined, does not come close to the size of the forex market.
Your orders are executed promptly at any time of the day because the forex market in the biggest market in the world. The cost for a transaction on the forex market is low compared to the stock market because you do not have liquidity issues. In the stock market the more that you order, the higher the brokerage.
Forex Trading For Beginners: When Can I Trade Forex?
The people that primarily invest in the forex market are the big institutional investors. Now due to the advent of the internet and the development of software, anybody has access to the forex market and can make money. The wealthy prefer to trade the forex market because ti transparent, fast and highly liquid.
The Forex market operates between Monday morning Sydney, Australian time through to the afternoon on Friday in New York. There are four different trading sessions that operate during the day; Sydney, Tokyo, London and New York.
Trading the forex market is best done when there is a large amount of volume. Also when there are several currencies being traded i at the same time, this means at this time the forex markets would be liquid and will increase your chances of making a profit. You will find it hard to make money in slower markets because they are not liquid.
Get Involved with forex trading. Forex Trading For Beginners
I:1:P
If you have always wanted to trade the biggest market in the world, but don't know where to start, here is your chance to get involved. You can find out more about forex trading by downloading my FREE FX Report and you will also receive our forex trading for beginners, 6 Part Video Training Series FREE. You can also subscribe to my youtube channel where I discuss various currency pairs and trades that I have taken.
About the Author:
Danny Younes is a outstanding investor and wealth strategist with over 7 years experience. Danny educates people on how to invest money wisely on the share market and forex market. Danny has been educating investors over the last 3 years and really simplifies it for the average everyday investor.
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