Quick Introduction to Forex Trading Market

What is Forex trading market?

It is the largest financial market in the world with more than 4 trillion dollars traded each day across the world. Since it is the biggest market with high amount of transactions, it provides high liquidity to the traders in it. They can easily enter and exit a trade. Though there are many currencies in the world there are eight major currencies USD, EUR, GBP, JPY, CHF, CAD, AUD and NZD. The majority of the trading volume in Forex market takes place due to transactions of pairs belonging to these major currencies.

In equities and stocks, there are thousands of possible choices to choose from but in foreign currency trading there are only a few currency pairs to choose which makes Forex trading less complicated than other ways of online trading.

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