The foreign exchange market, or better known as FOREX, is the largest and most fertile market on the financial exchange, emerging in 1973. With the status of the largest and most fertile foreign exchange market, FOREX is the central stage on which the vast majority of forex trading Forex trading is carried out with a total daily turnover of more than 1.2 trillion dollars.
Because there is such a huge amount of total turnover every day, FOREX can be considered a liquid market, ideal for Forex trading. Unlike many other securities, FOREX does not trade at a fixed exchange rate, instead currencies are traded mainly between central banks, commercial banks, a non-bank international corporation, hedge funds, private investors and, not to mention, speculators. Previously, smaller investors were prevented from trading FOREX due to the large amount of the required deposit. Until recent years, however, with the constant growth of the Internet and increasing competition, smaller investors can now trade FOREX as the requirement to trade FOREX has changed.
Honestly, there are several factors that are why FOREX trading is starting to attract more and more medium and small investors. One of the main reasons is due to the fact that FOREX trading works 24 hours a day, 5 days a week. In addition to this, unlike the old days, when trading was done only by phone, now it can be done …