Over the last three decades the foreign exchange market has become the world's largest financial market, with over $2 trillion Dollars traded daily. Forex is part of the bank-to-bank currency market known as the 24-hour Interbank market. The Interbank market literally follows the sun around the world, moving from major banking centers of the US to Australia, New Zealand to the Far East, to Europe then back to the United States. Until recently, the forex market wasn't for the average trader or individual speculator. With the large minimum transaction sizes and often-stringent financial requirements, banks, major currency dealers and the occasional high net-worth individual speculator were the principal participants. These large traders were able to take advantage of the many benefits offered by the forex market against other markets, including fantastic liquidity and the strong trending nature of the world's primary currency exchange rates. Currency trading is not conducted on a regulated exchange, and as a result there are associated risks with forex trading. Just as much as much as you can make a fortune trading, you can also loose part or all of your investment if you are not careful with your trading or are not experienced enough to go into it in the first place. The forex market removes the traditional barriers that exist in other markets without restricting the forex traders' ability to make a trade at the right times.Wale Ketiku
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ForexNigeria
