Forex Market for Beginners: Expert Guide on Currency Trading and List of Profitable FX bonuses
Every day, around $5 trillion in FX transactions are made, averaging $220 billion every hour. Institutions, corporations, governments, and currency speculators make up the majority of the market.
Speculation accounts for around 90% of trading activity, with the US dollar, euro, and yen accounting for the majority of it.
Forex trading in a pair does give the trader or investor a little more flexibility by allowing them to execute their trade against the currency they feel is most appropriate.
Forex trading, unlike stock or commodity trading, takes place directly between two parties in an OTC market. The currency market is controlled by a global network of banks based in London, New York, Sydney, and Tokyo, which are all located in separate time zones. You can trade forex 24 hours a day because there is no central place.
In our new article, our team of analysts analyzed trading of major, minor and exotic currency pairs, pointed out advantages of forex trading and compiled a list of top trusted brokers providing trading of currencies, stocks, commodities, gold and cryptocurrencies.
Learn how to trade on the Forex Market for beginners
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