What is Forex Trading?
Forex – the foreign exchange market – is the world's most interesting financial market. It is one of the few markets whose sheer size makes it almost impossible for any one person, institution or government to control. Unlike other Financial Security markets, Forex has no centralized market.
Forex is the largest financial market in the world. The market is open 24 hours a day from Monday to
Friday and it records trading volumes of more than $3.5 trillion per day. The massive trade volume in
the Forex market – three times greater than the sum of all US financial markets combined - makes the
Forex market the most liquid market in the World.
Your trades will always be carried out immediately. In the Forex market, the transactions that are undertaken are necessary because large institutions, governments, businesses and individuals need foreign currency to buy and sell goods and service. The foreign exchange market allows fund managers, banks, companies and individuals to buy and sell foreign exchange globally.
The market was previously an inter-bank market. It was generally conducted between large financial corporations, brokers and even governments. The market has now moved to such a state that anyone can participate. However, the market still gets its prices from the largest participants in the market, based in financial centres such as London and New York.
Now, with a minimum deposit of just $100, you can trade. It’s surprisingly easy – you don’t need to be a trained fund manager or even have an extensive knowledge of the financial markets. Why not try a demo account to see just how easy it is?
There are many brokers offering you the ability to trade online. When you are looking for a broker, you need to know what they can do for you. One outlet providing these services is Trader-24 – with them you will receive a free e-book to teach you how to get started, video tutorials and a designated account manager to teach you everything you need to know. O.