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What is Forex Trading?
Forex is arguably the most significant financial market in the world, with a daily turnover of over $5 trillion. Commonly referred to as foreign exchange, Forex is the art of buying or selling one currency in exchange for another. The exchange process, which goes around the world, is what results in the biggest market in the world.
The total amount of money traded in the currency market, is more than the entire GDP of some economic powerhouses in the world. Forex is also the most, liquid market in the world. Unlike the equities market, forex market never shuts down during the regular business days. What this means is that people are continually trading throughout the day all over the world, without any restrictions.
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How Forex Trading Works- Bid and Ask Price
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Best in Forex Trading
The world of Forex trading can be a little overwhelming to newcomers, so you will need to spend some time getting to know the language used and read up more on each term you hear. Here are some common terms you will need to know when trading Forex.
Broker
Rating
Regulated
Bonus
Min. Deposit
Avg. Returns
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Forex.com is currently one of the larger online brokers that is cornering the U.S online retail trading scene.