Posted by George Leslie on 04/17/2009. Filed in Trading Tips.
Foreign Exchange market otherwise known as forex or FX is the biggest market in the financial world. It involves buying and selling of currencies, 24 hours a day 5 days a week, worldwide.
Of all the markets available in the financial world, forex is the most liquid. Liquidity refers to the level of market transaction express in monetary value. It is estimated that forex trading averages $3Trillion a day. Roughly 10% are done through the commercial and financial transaction, while 90% accounts for speculative placements.
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