Forex is trading is the leading business in the world. It is the largest international currency trading market. This market has been mainly captured by professionals. Mainly banks are the investors of this market. Forex trading is generally done through brokers but you can carry on this business on your own as well. Buyers and sellers work at the same time in this market. Seller sale currency when they think it will make profit for them and buyers buy it when they think they can make business with offered currency. Banks have influenced this market so much that 73% of total forex business is captured by ten banks including world’s largest bank. You can better understand now that forex is a big market.
Remaining portion of the forex trading volume is occupied by small forex companies and individuals. They have made investments which they want to liquidate for profit at some stage. All foex tracings are based on the ups and downs in the value of different currencies. Traders select their trading currencies according to the market knowledge. Currency pair plays major role in success of a deal. Currency pair means what you are selling and what you are buying.
This market has enormous liquidity of over 1.5 trillion US dollars a day; this means someone is always available to trade with you. You can work 24 hours a day in this market. Every free currency of the world is trade in this market. So you can get any currency any time you wish. This market is a global market so you can trade in any part of the world. This is a rapidly changing market. This can be good and can be bad at times for the traders. This rapid change offers you to trade every second of the day. Risk factor also increases with this rapid changing nature of the market. Although there are controlling mechanisms for the management of the risk but still chances of losing money are there. You can make money in both rising and falling of foex market. You can earn money with small investments because it is a large volume market and you can make many deals in a single hour with small amount invested. This market is the only market where you can trade with our any commission setup.
Commission agents or brokers are present there but they are not compulsion. You can trade without them. You just have to get some market knowledge and currency rates update. You can use internet for this. Internet has all the knowledge about this market and you can get updates about every currency from the internet. New comers should always start with online forex as it is easy to understand and has minimum risk. Online forex is same as real forex, only difference is that in real forex market you are present their and in online forex you use only information of the market and trade through internet.