The forex market is the most liquid market in the world and because of that it;s the biggest market in the world. Dealers and bankers primarily use the forex market to exchange currency and they exchange a lot of it. The foreign exchange market can be traded any time of the day. You can trade it when it's most convenient to you as the market can be traded 24 hours a day 5 days a week. The forex market has $4 Trillion dollars exchanged every day.
Forex Trading for beginners: Trading Volume In Different Exchanges Around The World.
The volume in the exchanges around the world varies. The New York exchange is the biggest exchange and has between $155-170 Billion dollars a day. The Australian stock exchange (ASX) has between $4-5 Billion dollars a day. Globally combined the forex market is the biggest, more than every single asset class combined.
Your orders are executed promptly at any time of the day because the forex market in the biggest market in the world. The cost for a transaction on the forex market is low compared to the stock market because you do not have liquidity issues. In the stock market the more that you order, the higher the brokerage.
Forex Trading For Beginners: When Can I Trade Forex?
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.
From Monday morning Sydney Australian time through to Friday afternoon New York time, the forex market operates. There are four main trading sessions, New York, Sydney, London and Tokyo.
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.
How To Get Involved. Forex Trading For Beginners.
I:1:P
If you have always wanted to trade the biggest market in the world, but don't know where to start, here is your chance to get involved. You can find out more about forex trading by downloading my FREE FX Report and you will also receive our forex trading for beginners, 6 Part Video Training Series FREE. You can also subscribe to my youtube channel where I discuss various currency pairs and trades that I have taken.
Forex Trading for beginners: Trading Volume In Different Exchanges Around The World.
The volume in the exchanges around the world varies. The New York exchange is the biggest exchange and has between $155-170 Billion dollars a day. The Australian stock exchange (ASX) has between $4-5 Billion dollars a day. Globally combined the forex market is the biggest, more than every single asset class combined.
Your orders are executed promptly at any time of the day because the forex market in the biggest market in the world. The cost for a transaction on the forex market is low compared to the stock market because you do not have liquidity issues. In the stock market the more that you order, the higher the brokerage.
Forex Trading For Beginners: When Can I Trade Forex?
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.
From Monday morning Sydney Australian time through to Friday afternoon New York time, the forex market operates. There are four main trading sessions, New York, Sydney, London and Tokyo.
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.
How To Get Involved. Forex Trading For Beginners.
I:1:P
If you have always wanted to trade the biggest market in the world, but don't know where to start, here is your chance to get involved. You can find out more about forex trading by downloading my FREE FX Report and you will also receive our forex trading for beginners, 6 Part Video Training Series FREE. You can also subscribe to my youtube channel where I discuss various currency pairs and trades that I have taken.
About the Author:
Danny Younes is a professional 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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