Online Forex Trading
Online Forex Trading by Erwin Lauwrence
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The trade happening in the forex markets across the globe currently exceeds $2.3 trillion/day (on average). Retail traders (individuals) are currently a very small part of this market and may only participate indirectly through brokers or banks and may be targets of forex scams.
The Forex Market is unique because of: - its trading volume, - the extreme liquidity of the market, - the large number of, and variety of, traders in the market, - its geographical dispersion, - its long trading hours - 24 hours a day (except on weekends), - the variety of factors that affect exchange rates.
Until recently, the average investor could not participate in the Forex Market due to large minimum transaction sizes and stringent financial requirements. Banks, Hedge Funds and the occasional high net worth individual were the major participants. These large traders were able to take advantage of the many benefits offered by the Forex market vs other markets including incredible liquidity and the strong trending nature of the world's primary currency exchange rates.
The problem is 95% of all retail investors lose to the institutions! Let's face it. Trading is difficult. Trading is ruthless. You must have the edge to survive and succeed in this tou
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