WHAT IS FOREX?
- Forex is short for Foreign Exchange.
- The Forex market is the most liquid market in the world.
- It exchanges approximately $5,6 Trillion per day opposed to less liquid markets such as the New York Stock Exchange that exchanges approximately $20 Billion per day.
People turn to trade the Forex markets for a variety of reasons:
- You can trade from anywhere in the world, all you need is wifi, laptop and cellphone.
- Most liquid market in the world.
- You can profit whether a specific currency is increasing or decreasing in value.
- Forex does not require a high initial investment.
- Traders can begin with as little as $100 which makes Forex all the more popular.
- High liquidity allows large amounts of leverage.
Some brokers allow leverage up to 1:1000.
Source
https://festx.co.za/
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festx
Updated
October 7, 2021
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