Unlike most financial markets, the OTC over-the-counter foreign exchange market has no physical location or central exchange and trades hours a day through a global network of businesses, banks and individuals. This means that currency prices are constantly fluctuating in value against each other, offering multiple trading opportunities. Today, the Forex market is the most popular market, making it the biggest and most active, with over 5. This also makes the market very volatile and unpredictable, enabling traders to profit off both positive and negative fluctuations. Most people around the world will need to trade currencies at some stage in their lives. If you are in England and you want to buy a phone online from the U. S, then someones currency needs to be exchanged for the purchase to take place. S dollars USD. Travel and holidays also require the exchange of currencies. The foreign exchange market is where currencies are traded.
Why We Need to Trade
What Is the Forex Market?
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