The largest market in the world is forex trading which is also known as forex exchange or abbreviated as FX. Regarding its trade it amounts to more than USD three trillion per day. Interbank market conduct this trade where for other trade central exchange take charge of it. Two counterparts involves in the trade and often direct approach mostly through computer or telephone trading is done. OTC (Over The Counter market) is the other term for it and is basically speculative working around the clock. The main centres are NewYork, Sydney, London, Tokyo and Frankfurt.
There are various reasons for people to move on with forex trading The common reason beckoning the traders to forex market are listed below.
a) Working around clock
b) Superior liquidity
c) No commissions
d) 100:1 leverage
e) Profit potentials in falling market.
There are various reasons for people to move on with forex trading The common reason beckoning the traders to forex market are listed below.
a) Working around clock
b) Superior liquidity
c) No commissions
d) 100:1 leverage
e) Profit potentials in falling market.
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