What is forex market
The foreign exchange market is a market in which people are able to buy currencies and speculate on currency(it means buy curreny when it is undervalued and sell when its increases in terms of other currency.
HIGHLY LIQUID
This market included currency derivatives futures which is highly liquid and high risky.
One of the benefits of trading currency is its massive trading volume which cover largest asset globally.
Its not like like stock market, it opens 24 hours and 5 days a week
LEVERAGE
The leverage given in forex market is one of the highest form of leverage which the trader and investor can use in they own way.
For example investor who have 10000$ forex market account can trade 1000000$ worth of currency with a margin of one percent
BIGGEST IN THE WORLD OF FINANACE
it is considered as the father of finance. Trading volume in the forex market is generally high because of the number of people who participte, the ease of trading as well as the accessibility to the market.
BENEFIT OF USING FOREX MARKET
There are no clearing houses and central bodies the overseas the forex market
Most trader do not have to pay traditional fees or commissions that would on another market
Its just a brief description of forex market
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