Forex

Foreign exchange or Forex refers to the trading of currencies.

Countries, businesses and individuals are all active participants in this global market contributing to it being the most traded. The total value of the Forex Industry is $2.73 quadrillion. Trading Forex affords low barriers of entry via trading on margin eliminating the requirement for substantial amounts of capital. Profits are generated by the execution of successful trades due to the constantly fluctuating exchange rate. Forex Markets constitute 170 different currencies that are traded globally 24 hours a day.

Seven currency pairs contribute to 85% of the entire market’s traded volume.

Metatrader 4 is the most popular trading platform possessing a current market share of 85%. $7.5trillion traded daily makes the Forex market a very attractive environment for traders.

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