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Forex is an international currency exchange market. It is considered the largest market in the world. Here, traders from all over the world can buy and sell currency. Playing on price changes is the most popular activity. Exchange one currency for another.
The market operates without any interruptions throughout the working week. All twenty-four hours. One trading session closes and another one opens. Both ordinary traders and large banks and companies trade on it.
The movements of price quotations are influenced by economic news from different countries, which you can learn more about at www.forexindicator.net. After their release, there is activity on any currency. And at this moment, depending on the situation, traders either buy or sell currency.
What is involved in trading on the Forex market.
1. Currency. The main and main instrument are currency pairs with the participation of the US dollar. These are the most active and most prestigious couples. More than 95% of the total turnover on the market is occupied by currency pairs with the participation of the dollar.
2. Metal. Also, traders can play on the price of gold or silver. Some companies that provide brokerage services have a ratio of currency and one of the precious metals.
3. Indexes of world companies. As with the currency, the main and main part of trading on company indices is occupied by America. This trade is more accurate than on the quotations of currency pairs. Some brokers provide trading with shares of large companies.
Market turnover is growing every year. For example, in 2000, the total turnover amounted to 1,2 trillion dollars, and by 2016 it had grown to 5,1 trillion dollars.
What advantages.
One of the most important points is that the market is very popular and a large number of transactions take place around the clock. Even if the price went against the trader, there will always be another trader who will buy the currency at this price.
The Forex market has no master. It belongs to itself and moves according to the corresponding financial situations. Therefore, you should not be afraid that they can close it. This is simply impossible. Due to constant price changes for different currencies, even world crises cannot affect the work of traders in any way.
A large number of companies provide brokerage services. Each of them has its own trading terminal available to any user. This makes it possible to trade even while sitting at home.
There are no requirements, as when accepting a job. One and the most important requirement is the experience and knowledge of a person in this area. But do not forget, easy profit has always attracted people. The Forex market is dealing with currencies of different countries, shares and futures.
