Google

Custom Search

Saturday, January 16, 2010

FOREX MARKET- THE BEST

The Forex market is nothing but the foreign exchange market and is also known as the FX market. Forex market is nothing but the trading between two countries of two different countries. TheForex market was started way behind the stock market. This market is only thirty years old but still the Forex market became the better one when compared to the other stock markets though it is nothing but the trading and selling of currencies.
The main difference that is between the stock market and the Forex market is the volume of trading that occurs on the Forex market. In the Forex market, for every single day almost two trillion dollars is traded daily. Mainly the governments, banks, financial institutions and those similar types of institutions normally trade in the Forex market.
The other difference is that the Forex exchange market is global whereas the stock market is something that takes place only within a country.
The stock market has business hours and is usually closed on banking holidays and weekends whereas the Forex market is open for twenty four hours a day since all the countries are involved in Forex trading and since they are located in different time zones. This is a very big advantage for the investors in Forex market.
The stock market is based only on one country’s currency for example, the Japanese yen is used in only Japanese stock market but at the same time the Forex market is involved with many different types of currencies.

No comments:

Post a Comment