[11:08:30 PM] Ramesh kumar: Forex in a nutshell Forex in a nutshell The Forex market is the largest financial market on Earth. Its average daily trading volume is more than $3.2 trillion. Compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. In fact, if you were to put ALL of the worlds equity and futures markets together, their combined trading volume would only equal a QUARTER of the Forex market. Why is size important? Because there are so many buyers and sellers that transaction prices are kept low. If youre wondering how trading the Forex market is different then trading stocks, here are a few major benefits. Many firms dont charge commissions – you pay only the bid/ask spreads. Theres 24 hour trading – you dictate when to trade and how to trade. You can trade on leverage, but this can magnify potential gains and losses. You can focus on picking from a few currencies rather than from 5000 stocks. Forex is accessible – you don’t need a lot of money to get started.
Posted on: Thu, 24 Oct 2013 17:39:53 +0000
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