The Forex Markets : Online Forex Today
Banks and institutions that wish to trade currencies use the Foreign exchange market for that purpose. It is the biggest market in the world by the amount traded. The amount traded per day is in the vicinity of 4 trillion dollars. In comparison, the New York Stock Exchange trades a mere 30 billion American dollars every 24 hours. The difference in size between the two would be like comparing the moon with a gas giant. With the advent of the internet as a popular tool for online forex trading, the market can only grow further.
Many smaller markets linked together make up the forex market. Despite this, there are a few locations around the world that serve as financial centers. These financial centers include New York, Tokyo and the largest, London. The foreign exchange market is a true 24 hour a day, 5 day a week market. No trading takes place on Saturday, Sunday and major international holidays. The forex market starts in Asia (Australia, Hong Kong) before it moves on to Europe (London) until it ends up in New York.
We have the internet to thank for the surge in online stock, commodities and forex trading. Just about any securities that can be traded can be done so via the internet.
The vast amount of forex traders around the world congregate around popular spots online where they learn from one another and share tips. Which is great news for online forex brokers. For they, along with experienced traders, know that beginners in the trade almost always blow one or many accounts in their first year. Forex trading is truly a double edged sword with huge profits and losses coming in a matter of minutes.
It is a long and dangerous journey for most forex beginners. Learning the trade from the ground up is essential. Automated trading systems and forex management software are not great choices for a beginner looking to learn. The beginner should only be concerned with reading and observing price, not trading live accounts. - 23204
Many smaller markets linked together make up the forex market. Despite this, there are a few locations around the world that serve as financial centers. These financial centers include New York, Tokyo and the largest, London. The foreign exchange market is a true 24 hour a day, 5 day a week market. No trading takes place on Saturday, Sunday and major international holidays. The forex market starts in Asia (Australia, Hong Kong) before it moves on to Europe (London) until it ends up in New York.
We have the internet to thank for the surge in online stock, commodities and forex trading. Just about any securities that can be traded can be done so via the internet.
The vast amount of forex traders around the world congregate around popular spots online where they learn from one another and share tips. Which is great news for online forex brokers. For they, along with experienced traders, know that beginners in the trade almost always blow one or many accounts in their first year. Forex trading is truly a double edged sword with huge profits and losses coming in a matter of minutes.
It is a long and dangerous journey for most forex beginners. Learning the trade from the ground up is essential. Automated trading systems and forex management software are not great choices for a beginner looking to learn. The beginner should only be concerned with reading and observing price, not trading live accounts. - 23204
About the Author:
Vincent Khoo has been involved in stocks and forex for over 8 years. He has penned articles for numerous websites plus the articles Forex Trading Summary and Forex Signal Softwares.
posted by X - Men @ 4:23 AM
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