Trading and Investing in Forex

Forex trading is trading between currencies of different countries. Currency rates are subject to constant change. Capitalizing on this change is what forex or currency trading is all about. Due to the computer revolution, forex trading has become less dependent of physical trading of currency. A trader today can in fact just resort to currency trading via a simple click of the computer. This facility has also helped in improving profitability as traders have the liberty to make purchases and sales instantly.

Forex (or FX) stands for “Foreign Exchange”, and what you trade is various currencies. You can trade different currencies for a number of reasons, from tourism through business to investment opportunities. Forex is one of the biggest, fastest and the most liquid market in the world; with an average daily turnover at nearly US$ 4 trillion.

If you want to be the best, you must learn from the best. The same goes for the Forex market as well. Here are the 5 most successful traders in the foreign exchange market that you should know about.

Forex is an abbreviation of foreign exchange, that came into existence in the 1970’s and its sole purpose was to evaluate the rate of one currency to another. The foreign exchange market is an example of a decentralised market that is used specifically in trading currencies.

The forex market is subject to no financial controls and is a free to trade market. Out here you could trade in any currencies of the world; however the major currencies to be constantly traded are the Sterling Pound, US Dollar, Japanese Yen and the EURO (Euro zone).

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