If you ever thought about trading in foreign currencies, then Forex is the place to do it. The Forex is a decentralized and worldwide financial marketplace where currencies are traded over the counter. International centers act as the financial hubs and anchors for the trading of currencies between a huge variety of buyers and sellers. Trading is around the clock, but comes to a halt for a short weekly break which starts at 22:00 GMT on Friday and ends at 20:15 GMT on Sunday.
There are a number of things that makes trading on the Forex unique.
- Trading volume is enormous meaning high liquidity for investors.
- Worldwide, international dispersion makes for ease and convenience no matter where you live.
- The market never sleeps- just on the weekend.
- Countless causes of exchange rate flux.
- The margins of profit are relatively low compared with fixed income markets
- Leverage can be used to increase profit margins relative to account size.
