Welcome to this new blog concerning online forex trading. Forex market is today the world’s biggest financial market with a liquidity and daily traded volume much higher than any other financial market. The money market is a 24 hour tradable market with access to any market location from virtually any trader location.
As you may know all forex trades are done in currency pairs, like USD/EUR, JPY/USD etc, where the trader first buys and the currency on right hand side with one on left hand side and then sell it to earn the right one in some what increased quantity. The increase in quantity, the so called increase in exchange rate, of the second currency to the first is the key to profit. The currency trader can trade any currency pair, but he or she may be limited with the services offered by his or her forex broker.
The daily trading volume of forex market (around 2.7 trillion USD) is at least 10 times that of all equity trading markets put together. The five major currencies involved in forex trading are US Dollar, Euro, Yen, GB Pound and Swiss Franc. The major players of the market are Banks and the individual traders trading through forex brokers constitute only 2% of the market; looks small but t is vast.
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