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Forex is the financial market where currencies are bought and sold. The concept of forex trading is very simple, the primary target of a trader is to earn by buying a currency and selling it when the price gains or selling a currency and buying it back when the price is down.

The foreign exchange market is among the fastest rising markets in the world. According to reports, forex market movement climbed by 20 percent from 2007 to 2010, with average daily turnover hitting about $4 trillion in April 2010.

Currencies are vital instruments for market participants, as currencies need to be exchanged in order to conduct foreign transactions. This is the main factor that led the forex market to be known as the largest and most liquid financial market worldwide. 

Moreover, there is no central marketplace for forex. Forex trading is executed electronically over the counter, traders are able to conclude their deals through computer networks around the world. The forex market is open 24 hours for five days a week.

Major Symbols to Trade on Trade12 

  

Symbol

Regular

Silver

Gold

Platinum

EUR/USD

1.5

1.2

1

0.8

USD/JPY

1.5

1.2

1

0.8

GBP/USD

2

1.5

1.2

1

EUR/JPY

2

1.5

1

0.8

AUD/USD

2

1.5

1

0.8

USD/CHF

2

1.5

1

0.8

  

 

 

Disclaimer

The articles posted on this blogsite do not necessarily reflect the views and opinions of the forex broker firm. All content provided in this website is intended for informational purposes only.

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