These days, 90% of apps and sites have different ads advertising forex, with different forex brokers sponsoring the ads. You might be wondering why forex is becoming so popular and going viral well the reason is the Foreign Exchange Market (FOREX for short),is the biggest financial market in the whole world. Even bigger that New York Market and the Stock Exchange Market.
With a daily volume of about $5.1 trillion compared to $84 billion for equities worldwide according to the 2016 Triennial Central Bank Survey of FX and OTC derivatives markets.
The site is operated digitally I.e from your PC or smart phone. What's done on the site is the exchange of one currency for another.
Long ago before the emergence of forex brokers, forex could only be accessed by banks and multi million dollar companies. You would need to have at least $10 million in your account before you could trade forex. But now, forex can be accessed by anyone through what we call brokers. Brokers give you access to a lot of money with just a little capital as leverage.
The great part about forex is that, one's profit can't affect another because the market is so big to accommodate everyone. Thanks to brokers now we can earn more.
The part that says " The great part about forex is that, one's profit can't affect another because the market is so big to accommodate everyone. Thanks to brokers now we can earn more" Is a great eye opener for me. This is do enlightening to me. Thank you