Ken Nairne: Trading The Forex Market: The World Top Trading Market!

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Saturday, 27 February 2016

Trading The Forex Market: The World Top Trading Market!

Unlike standard stocks and shares where you have to wait for the market to recover, the foreign exchange (forex) market is a 24 hour market that allows traders to continue trading through the 24 hour period. Forex trading is exciting and very lequidity.  It has great profit making potential! At the sametime it is also very easy to lose a lot of money if you don't know what you are doing.  You really need to be on top of your game to survive in this market.


The forex market is mainly where the banking institutions and a lot of the big busiesses make their investment. You'll find that is very unique and without any centralisation.  It is very active and you'll find that every second counts. Today, it is the world's most trading sector with an average daily turnover of approximately $5.3 trillion dollars. It is said to be the world largest financial market, much larger than the standard stock market.

Like any other business, you must treat forex trading as a business! Which means, you'll need to invest time and money to succeed. However, only invest what money you can afford to lose. Do not invest your rent or mortgage funds, as it's likely "if you're new to this kind of trading" you could lose your investment. With all that asside, it is said to be the fastest growing and most profitable market online today.

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Trading in the forex market is normally done between Monday to Friday, with the majority of the trading happening late evening and early morning. because of the nature of the market, it is not central to any one place, and it also has it's ups and downs.  You can make a lot of money trading the forex market, likewise, you can lose a lot of money! So it is not for everyone.  Take care when trading this market. make sure you educate yourself fully about all aspects of this market.

The forex market is not affected by the growing interest rates, as it is supported solely by suply and demand independency. The forex market was once only open to the big banks and similar large financial institutions. However, over the years, it has seen many medium and smaller investers trading. It is however, still been dominated globaly by the larger banks institutions and businesses.

The forex market is changing rapidly and as now becoming very flexable with a rapid responce.  As the name say, it is a courency market and it is traded with money. It trades as a pair, i.e. EUR/USA dollar and is heavly traded against the EUR/USA and the GBP/USA, however, it is getting regular with other currencies worldwide also.

Conclusion:

The forex market is a great market to trade in, however, much care is needed when trading this market, as you can win as well as lose. And sometime you can lose all your account balance. With that said! There is much money to be made by trading the forex market.

Ken Nairne

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