Forex Introduction | Online Currency Trading | FX Learn to Trade Free

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Learn the basics on online currency trading Foreign Exchange MarketWhat is Forex?The foreign exchange market also referred to as the Forex or FX market is a global, worldwide decentralized financial market for trading currencies.Forex primary functionThe primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency.Forex locationUnlike other financial markets, the forex market has no physical location or central exchange. Free online forex learning. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business.What Does Over-The-Counter Market Mean?Over-the-counter (OTC) market participants trade over the telephone, facsimile or electronic network instead of a physical trading floor.Forex volumeCurrency Market daily volume is over 1.9 trillion 30 times larger than the combined volume of equity trades in United States.Forex market hoursThe Foreign Exchange Market is open 24 hours a day (except on weekends).From 5:00 pm EST on Sunday until 5:00 pm EST Friday.Forex participants Commercial banks Exchange markets Central banks Firms that conduct foreign trade transactions Investment funds Broker companies Private personsCan anyone trade forex?Today, online brokerage firms allow anyone to trade forex online from practically anywhere in the world.Forex what do I need to know?How do I start trading? Where can I learn more? What should be my next step?Go to "Decisions" - Kevin MacLeod (incompetech.com) Licensed under Creative Commons "Attribution 3.0". Forex Introduction | Online Currency Trading | FX Learn to Trade Free

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