The foreign currency exchange market is one of the well established global markets. Thanks to the real time flow of information and ability to process that information in very short time, this market is very dynamic and it draws investors who use different strategies. It is also a market that only recently opened to general public without qualifications. Like with any financial markets, investors should be familiar with fundamentals before entering risky transactions. Until you are comfortable with your knowledge, limit the investments amounts to something you are comfortable losing.
- Forex, also known as FX, is a new and exciting currency trading market.
- BWorld is one of the well-known online brokerage firms for the Forex market.
- In Forex, daily currency is only moving on average at less than one penny per day.
“It wasn’t until recently that forex trading in the currency market have been made up of only those belonging to large financial institutions, corporations, central banks, hedge funds, and individuals who have more than enough wealth to sustain them.”