About Forex Trading
Forex(Foreign Exchange)is the largest and most liquid market in the world today. Turnover value of forex equivalent to $ 1.9 trillion, three times larger than the combined average number of shares and bonds markets. The forex market operates 24 hours a day and transacted through the global network of banks, ranging from Asia, Europe and America and has no centralized exchange that is referred to as OTC products (over the counter). Forex trading is done by buying or selling currencies to take advantage of price fluctuations.
Forex Products
1. Euro / U.S. dollar (EUR / USD)
2. Pound Sterling / U.S. dollar (GBP / USD)
3. U.S. Dollar / yen (USD / JPY)
4. U.S. Dollar / Swiss franc (USD / CHF)
5. The Australian dollar / U.S. dollar (AUD / USD)
6. Euro / pound (EUR / GBP)
7. Euro / yen (USD / JPY)
8. Pounds / yen (GBP / JPY)
9. Swiss franc / yen (USD / JPY)
10. Australian Dollar / yen (AUD / JPY)
Advantages of forex trading
1. Largest participants and highest transaction volume
2. High liquidity and fast execution
3. 24-hour market
4. There is no time limit to have an open position
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