The Forex market is the biggest market in the world and plus it also the most liquid market. It’s primarily used by bankers and dealers that exchange a huge amount of foreign currency. It’s mostly used to facilitate trade and investment between countries. The forex market is open 5 days a week, 24 hours a day and the volume in the forex market is over $4 trillion a day.
Forex Trading for beginners: Trading Volume In Different Exchanges Around The World.
In the different exchanges around the world, the volumes that is traded, varies. For example on the Australian stock exchange (ASX), the volume that is traded is around $4-5 Billion dollars. On the New York stock exchange, the volume traded is $155-170 Billion dollars a day. The New York stock exchange is the largest exchange. The volume that is traded across the globe on the Forex market is the biggest, more than every single asset class combined.
At any time during the day, your trades can be executed promptly because the foreign exchange market is the biggest market in the world. The cost to transact a forex trade is quite small compared to the stock market because on the stock market there are liquidity issues and of course due to this the brokerage is normally higher.
When Is The Best Time To Trade Forex? Forex Trading For Beginners.
The people that primarily invest in the forex market are the big institutional investors. Now due to the advent of the internet and the development of software, anybody has access to the forex market and can make money. The wealthy prefer to trade the forex market because ti transparent, fast and highly liquid.
The foreign exchange market is available from Monday morning sydney, Australia to Friday afternoon in New York. The forex market can be broken up into four major trading sessions: the Sydney, Tokyo, London and New York sessions.
When there is a large amount of volume in the forex market, that is the best time to trade. Also trade when there are many currencies being traded because at this time the markets are liquid. If the markets are liquid, this increases your chance of making a profit. You are less likely in making a profit in slower market because they are not liquid. Stay away from these market conditions.
Forex Trading For Beginners: How You Can Get Involved.
Get involved with the Forex market, the biggest market in the world. Download your FREE PDF FX Report and view our forex trading for beginners, 6 part video training series for FREE. To get access to this click this link and enter your details. Also subscribe to my youtube channel as I talk about different trades I have taken and talk about the forex market in general.
Danny Younes is a professional investor and wealth strategist with over 7 years experience. Danny educates people on how to invest money wisely on the derivatives market and FX market. Danny has been educating investors over the last 3 years and really simplifies it for the normal everyday investor.