* Unlike the stock market the forex market revolves around more or less eight major currencies. A narrow choice means it’s easier to get a clear picture of what’s happening in the market at any point in time.
* The colossal size of the forex market makes sure that no one single trading entity can corner the market.
* All anyone needs to take part in the forex market is a computer with an internet connection.
* The forex market is open 24 hours a day, so that you can trade whenever you hear a financial scoop.
* The foreign exchange market is the largest financial market in the world with a daily turnover of just over $3 trillion. The enormous volume of daily trades means that under normal market conditions you can buy and sell currency as you please.
* In the forex market currencies are traded against each other, which means that all profit and loss is relative and one can achieve both whether a currency is going up or down.
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Monday 22 February 2010
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