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.
Forex Trading for beginners: Trading Volume In Different Exchanges Around The World.
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.
Due to the Forex market being the biggest, it means that your orders can be easily executed at any time of the day. One thing that works in your favour is the low cost of executing these trades. No matter how much you trade, the cost is fixed. Unlike the stock market, due to liquidity issues, the more you order the higher your brokerage.
When Can I Trade Forex? "Forex Trading For Beginners"
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.
When there is a large amount of volume in the forex market, that is the best time to trade. Also trade when there are many currencies being traded because at this time the markets are liquid. If the markets are liquid, this increases your chance of making a profit. You are less likely in making a profit in slower market because they are not liquid. Stay away from these market conditions.
Get Involved with forex trading. Forex Trading For Beginners
I:1:P
Now you can get involved with the biggest and most liquid market in the world and here is your chance. You can download a FREE PDF report and view my forex trading for beginners, 6 part video training series FREE. Click this link and enter your details to get access to this. Subscribe to my youtube channel as I discuss different currency pairs and the trades that I have taken on them.
Forex Trading for beginners: Trading Volume In Different Exchanges Around The World.
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.
Due to the Forex market being the biggest, it means that your orders can be easily executed at any time of the day. One thing that works in your favour is the low cost of executing these trades. No matter how much you trade, the cost is fixed. Unlike the stock market, due to liquidity issues, the more you order the higher your brokerage.
When Can I Trade Forex? "Forex Trading For Beginners"
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.
When there is a large amount of volume in the forex market, that is the best time to trade. Also trade when there are many currencies being traded because at this time the markets are liquid. If the markets are liquid, this increases your chance of making a profit. You are less likely in making a profit in slower market because they are not liquid. Stay away from these market conditions.
Get Involved with forex trading. Forex Trading For Beginners
I:1:P
Now you can get involved with the biggest and most liquid market in the world and here is your chance. You can download a FREE PDF report and view my forex trading for beginners, 6 part video training series FREE. Click this link and enter your details to get access to this. Subscribe to my youtube channel as I discuss different currency pairs and the trades that I have taken on them.
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 foreign currency market. Danny has been educating investors over the last 3 years and really simplifies it for the normal everyday investor.
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