Foreign Exchange (FX) trading, also known as Forex Trading or currency trading, which in simple language refers to the global marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates. It has gained enormous popularity in recent years among individuals due to the growth of online forex brokers and the technological development of online trading platforms. With high liquidity, non-stop opening hours 5 days a week, and great opportunity to earn money online, it is no wonder that the forex market is the world’s most traded market with a daily trading volume of $5 trillion USD.
Forex Trading Marketplace
The forex trading marketplace, as it stands today, is the world’s largest and most liquid market due to a number of factors which include, but are not limited to, ease of performing transactions over the internet, the modern development of travelling, ease of international communication and modern transportation, which have made our world a smaller place.
All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive.