Online Forex Trading is essentially the trading of one currency for another via the simultaneous purchase and sale of one currency for another at an agreed exchange price on the over-the-counter (OTC) market.
The Foreign Exchange Market is the home of Forex Trading and it’s the largest and most liquid financial market globally, far surpassing the stock market.
The magnitude and nature of Trading in Forex Market is a direct result of the importance of currency exchange for the purposes of foreign trade and business. Many different parties have currency exchange needs – from multinational corporations that need to pay for expenses in various countries of operation, to importers of products e.g. wine, cheese that need to pay for product in the exporter’s currency, through to the individual traveler who needs to swap their home currency for that of their travel destination.
Unlike most financial markets, the Online Forex Trading has neither a physical location nor central exchange, and it trades 24 hours a day 5 days a week as it spans the globe and encompasses all the different time and business regions, which means trading in Forex opportunities are always available.
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