Did you know you can trade the $5 trillion Foreign Exchange market at the click of a button? That’s because it is the largest market in the world and one that you …
What is the Foreign Exchange Market?Did you know you can trade the $5 trillion Foreign Exchange market at the click of a button?
That's because it is the largest market in the world and one that you can trade from the comfort of your own home with just a laptop and internet connection!
It gets even better because the Foreign Exchange market trades 24 hours a day, 5 days a week!
Trading starts in Sydney at 10pm GMT on Sunday and ends at 10pm GMT on Friday at the New York close, completing your round the world trip.
Throughout each day the London open, at 8am GMT, is where things get really wild as London is the Foreign Exchange hub of the world.
As a bonus, the market is always moving as it trades over $5 trillion traded every single day. Not bad from the comfort of your own home!
Of course, with great reward can come great risk; so it's important to know who else is involved in the market.
At the top you have the 'dealers' and large financial institutions like central banks, you can call them the 'guvnors'. One level below that you have the smaller banks and the level below that is the retail Foreign Exchange market and that is where the real fun is.
I bet you're amazed, right? Well you just wait! Click the next video to learn even more about the awesomeness of the Foreign Exchange market.
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