Basic Concepts II: Nature of the Foreign Exchange Market

[davidjss]

The Foreign Exchange Market is an over-the-counter (OTC) market, which means that there is no central exchange and clearing house where orders are matched. With different levels of access, currencies are traded in different market makers:

 

[martyn]

the nature of the foreign exchange market that is flexible and lasts for 24 hours from Monday to Friday. Although the forex market operates only through online, but the forex market is a very large cost in the transaction up to $ 2 trillion, it is the cost of operating the largest market in the world.

 

[Pettyeve]

The forex market is the largest financial market in the world. The nature of it is that the trader will buy a particular currency at a low price and sell it at a a high price to make profit. It is a very risky market because losing money is easy.

 

[Decub]

Forex is just a decentralized means of exchange that offers traders a chance to trade in different currency pairs, all in a bid to meet an expected end when it comes to making profits. It is a system of exchange that offers so much flexibility and operates in a 24/5 pattern where the traders can either open and close their orders in a day or allow it span through longer periods of time running into weeks.

 

[kasual]

Forex market open to everyone and market serve trading service for full 24 hours. Since the market run over the counter. Which mean there are no specific time to open or close. Though in a particular countries the transaction closed already, other countries still run at working hours, which make the transaction keep running. Market just closed at holiday only.

 

[Tom Latham]

The Foreign Exchange Market is an over-the-counter (OTC) market, which means that there is no central exchange and clearing house where orders are matched. With different levels of access, currencies are traded in different market makers:

Whatever it is! I am not interested in any kind of sideway market! I like volatility; this is why, Gold is my most favorite trading instrument.

 

[LorrainMor]

Yes, forex is one of the largest over the counter markets that are established and operated on global level. A foreign currency exchange trader can receive the benefits of forex market since this world market is providing many infrastructural advantages like smaller investment, freedom to work from home, easy access to the market, leverage, independence of job, etc. Thereby, this world market is ensuring good earning opportunities operated via internet enabled network.

 

[Tom Latham]

Yes, forex is one of the largest over the counter markets that are established and operated on global level. A foreign currency exchange trader can receive the benefits of forex market since this world market is providing many infrastructural advantages like smaller investment, freedom to work from home, easy access to the market, leverage, independence of job, etc. Thereby, this world market is ensuring good earning opportunities operated via internet enabled network.

No doubt, Forex brings good earring opportunity! But it’s not a simple job; here only 10% (around) traders are able to make consistent money, that’s the reality!

 

[Oscar Shumack]

Don’t use only one account at a time rather use different accounts because market crash is a common incident on the market. And this technique will save against any sudden crash.

 

[Nayek Pichai]

Better result is the result of patience and perseverance. To be a profitable trader you need to make sure trading skill 1st!

 

[LouBega88]

The more leverage we take, the more the trading risk is. To survive in Forex for long, there is no alternative to minimizing trading risk.