is Market where currencies are traded. The Forex market is the largest, most liquid market in the world with an average trading volume of over $1.9 trillion. per day and includes all currencies in the world. The Forex market does not involve a Central site to exchange currency.
The Forex market is open 24 hours a day, five days a week and currencies are traded worldwide in the major financial centres – London, new York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. Forex is the largest market in the world from the point of view of the overall trading volume, and any person, firm or country may participate in trading in this market.
The leading currency market are US dollar, Euro, Japanese yen, British pound and Swiss franc. It is with these currencies is made the majority of deals, although the undisputed leader of trading is the currency pair “USD /EUR”. Individuals can gain access to trade the Forex market using the Forex brokers that can be found in abundance on the Internet. They all offer seemingly the same conditions, but several points still stand. Therefore, when choosing a Forex broker it is necessary to evaluate all the proposed conditions, compare them with other brokers and read reviews about Forex brokers on their websites.
The yield on the Forex market can vary from a few percent to several hundred percent per annum, however, the risks of losses are also very high. In order to trade successfully in the Forex market need to learn the academic material, and actively offered for free on the Internet, read additional content, reviews and advice, choose a trading strategy, download and configure the program Advisor for automatic trading on Forex.
Initially, after the registration of the selected Forex broker, you should trade on demo account and apply this knowledge in practice. Some Forex brokers after registration of transfer to the customer’s account a small amount to start trading, which, of course, also should take advantage of newcomers at the beginning of trading on the Forex market with real money.
However, independent, successful Forex trading requires much time and specific knowledge. Therefore, investors often seek the help of professional traders and invest money on the PAMM-accounts (transfer money in trust) for a small Commission.