Things to know about foreign exchange ( forex)

Foreign exchange is the process of exchanging one currency for another at an exchange price that has been agreed to on the over-the-counter market. With over 5.3 trillion US dollars turned over in excess per day, Forex is the world’s most frequently traded market.

In layman’s terms, FX trading is the act of buying one currency while selling another simultaneously. Currency values are constantly shifting. They can either be rising in value(appreciating) or decreasing in value (depreciating) due to a number of reasons such as economics and politics.

The entire goal of people involved in the Foreign Exchange market is to take advantage of these changes and profit from them.

Unlike most other financial markets, Forex trading can occur 24-hours a day through a global network of businesses, banks and individuals. This means you could be making money even while you sleep. And what’s wrong with that?

The Online Forex market has great potentials and there are countless numbers of opportunities that come with forex trading.

Forex is the largest as at today

Everyone can profit from the market and still have more than enough

The New York Stock Exchange which is the Second Largest Market is having a Daily Trading Volume of $169 Billion Dollars.

While the Cryptomarket, for those of us who know about Bitcoins has a Total Market cap of just $210 Billion as of today, this is not even the Daily Volume.

All these Statistics are online, So you can do well to confirm them for yourselves

The Forex market is the largest of them all.

This is the reason every young person in this dispensation should be informed and educated on these world major financial markets

So this show the massive Liquidity.... Which is on the Forex Market.

That is how large the Forex market is.