Forex market is a market in which currencies are traded in pairs. eg: GBPUSD. It is largest financial market in the world, with daily trading volume of $5 trillion. Forex market is considered an OTC, over the counter or inter bank market, the entire market is run electronically within a network of banks, 24hours a day.
Forex market can be traded in different ways. eg: spot, futures, options and ETF(exchange traded fund).
Forex market has many advantages.
Forex market can be traded in different ways. eg: spot, futures, options and ETF(exchange traded fund).
Forex market has many advantages.
- No comissions
- No fixed lot size
- Low transaction cost
- 24hour market
- Leverage
- High liquidity
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