How to join Forex trading?
How to join the world's largest financial exchange market and start earning by trading with the major market participants.
What is Forex?
Forex (Foreign Exchange market) – the world's largest financial market, where different currencies are exchanged against each other. Daily transaction volumes of the Forex market are, according to our estimates, as high as 3-4 trillion USD. Compare this to about 25 billion a day volume of the New York Stock Exchange.
Among all financial markets, Forex is the easiest to access for beginners and retail traders with relatively modest money to spare.
The major participants of the Forex market are commercial and central banks, large corporations and hedge-funds. However, you do not need to have millions or thousands of dollars to start! Due to leverage and marginal trading, you can start trading with $100 or $500 and enjoy the same trading conditions as the large market players. There are even Micro and Mini accounts that let you trade with as little as $1.
Unlike stock futures market, Forex is does not have a central location, where trading normally takes place. Banks and other market participants are connected to each other via electronic communications networks (ECNs). Forex trading continues 24 hours aday, 5 days a week from Monday to Friday. This decentralized structure allows traders to buy and sell currencies without extra fees and commissions. It also provides access to trading anytime and from anywhere in the world.
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Disclaimer: This Publication represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.
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