![]() The majority of all Forex trades are executed during the New York and London session, especially when these two sessions overlap for a few hours every day. ![]() There are four main Forex trading sessions during which currencies are traded – the New York session, the London session, the Sydney session, and the Tokyo session. However, there is a subtle difference between these two asset classes: stocks are traded on centralised exchanges, while currencies are traded over-the-counter during Forex trading sessions. Just like stocks are traded on the stock exchange, currencies are traded on the Forex market. This is $5,300 billion – in a single day! The Forex market trades the entire annual US economic output in just a few days.įorex is the world’s marketplace for currencies. Let’s start with the most basic question – what is Forex?įorex is the largest financial market in the world with an average daily turnover of around $5.3 trillion. We’ll cover what Forex is and who trades on it, how traders can make a profit on the market, and what you need to start trading. ![]() Don’t worry – this article is a crash course on Forex trading for dummies and covers everything you need to know about Forex to get started as soon as possible. Chances are you’ve already heard about Forex and Forex trading, but you’ve never really taken the time to read about it or learn how Forex traders make money. ![]()
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