Detailing the Forex currency trading platform and its benefits over equity trading on the stock exchange
There are many different ways to make money in the financial markets. You can trade a stock, buy a bond, or buy a future in oil. However, none of them even comes close to the amount of money that is traded on the most current currency trading platform. The platform I am speaking of is Forex, also known as Foreign Exchange or FX for short.
There are various stock markets spread throughout the world, many in this very country. You have the New York Stock Exchange, The Nasdeq, the New York Mercantile Exchange, and roughly about 28 other stock markets dotting the globe. As far as currency trading, there is only one platform and that is Forex.
The current currency trading platform, Forex, is the largest market on the planet. It is estimated that in excess of $2 trillion US dollars is traded every day. Compare this to the New York Stock Exchange's daily transactions of approximately $50 billion, you can see that the enormity of the market, and its ability to dwarf all other equity markets in the world combined.
The currency trading platform identifies all currency that has a value relative to other currencies on the planet. It uses the purchasing and the selling of large or small quantities of currency in order to leverage the shifts, both upwards and downwards, in currency value and convert them into profit.
The currency trading platform known as Forex has many very real benefits over equity trading as in the stock exchange. The spreads, which will determine how good or bad your chance are for profit, in the currency trading platform are extremely low, making the cost to a trader very low as well. The platform is certainly not for the lighthearted because the downside to this market is that volatility in the currency market is extremely high. At first glance, that may sound unappealing but what it can mean is that a trader can generate enormous return on a given exchange. Conversely, given the currency trading platforms inherent volatility you also run the risk of losing big as well.
Until very recently, the currency trading platform market was almost exclusively the province of the large investors. Banking conglomerates and large multinational corporations were the main players of this market place. Over the past few years, however, the doors have flown open to investors large and small, and it is no wonder why. It is difficult to overlook the enormous benefit of this currency trading platform market for the typical investor: higher returns with lower risk. Now that is a good combination to any investor.
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