Why do you trade Forex?

Foreign Exchange, or Forex as it is commonly known, is an acronym. Foreign Exchange, or FOREX, is the acronym for Foreign Exchange.

Prior to 1996, only certain individuals were allowed access to the Forex Market. This includes banks, investment banking, influential individuals (high net worth individuals) and conglomerates. Start the Forex market with USD 10,000,000. Regular investors don’t like the Forex market. The Forex market is not open to them or they are not required to participate. Also, the daily volume of trading was below USD500 million, learn more here.

Bill Clinton opened the Forex Market to the Public. Like mushrooms, the trading volume of forex brokers has steadily increased over time. Forex has the highest daily trading volume, with USD3 trillion traded each day. The volume is greater than that of all global stock markets. The volume is also 4 to 5 times greater than that of the US Futures market.

FOREX Market can be devastating and can ruin a nation’s economy within a flash of an eye. South Korea, Thailand and other Asian nations are affected by currency crises. Indonesia, Singapore Malaysia, and Singapore all experienced currency crisis in 1997. George Soros, one of the biggest players in that currency crisis, has earned more than USD1 billion at a time.

A decrease in minimum required capital to open an account has been brought about by the increased competition between Forex brokers via the Internet. For opening an account you’ll need to deposit USD250. This initial capital can be used to trade currency.

Forex markets are open 24 hours per day, 5 days per week. The only time you can trade forex is when the markets are up or down. You can make money with either method if done correctly. There are no commissions in forex trading. Forex trading offers a high level of leverage which allows even small traders to trade the markets with little capital.

Leave a Reply

Your email address will not be published. Required fields are marked *