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Over “80 Million USD” Transaction per Second in “Forex” Markets
The Forex market is the most liquid market in the world.
The total volume changes all the time, but as of 2013, the bank for International Settlements (BIS) reported that the Forex market traded in excess of USD 5.3 trillion per day.
Now the number of rapidly growing with the participation of more retail and institutional investors.
Now it is traded approximately over 80 million US dollars per second.
But what makes the Forex growing rapidly and liquidates it so much?
“Forex” makes the billionaires every day
The term “Foreign Exchange” is commonly known as FX or Forex as its abbreviations.
The Forex Market is the largest financial market in the world. Well it is the largest market in any categories. The Forex market is the largest, because of the need to exchange currencies by people and investors in the world.
It dwarfs other markets in size, even the stock and bond markets. Comparing to the Forex market, stock and bond markets are extremely poorly liquidated and traded in very small amounts.
Even a government or a mega-bank cannot control the Forex market completely.
Exchangable 24 hours without Central
As you may have already known, there is no Central of the Forex markets. It is one unique aspect of this international market.
Rather, currency trading is conducted electronically, which means that all transactions occur through computer networks between traders around the world, rather than via one centralized exchange.
The Forex market is consisted of Banks, Financial Companies, Investors and people who need to exchange some money for any motives etc.
No entity manages the Forex market, but a Forex transaction is made between two parties, and these two parties decide the exchange rate and the amount to exchange.
Forex transaction is happening all over the world, and because of that, the Forex market is opened for 24 hours a day. From the Money morning opening in Australia to the afternoon close in New York, the Forex market never sleeps.
From Student to Grandpa –Online Trading for Everyone-
Such an enormous financial market with extreme liquidity is very attractive. Why someone wouldn’t join such a huge market to invest in?
Well, as long as you have internet connection, you can trade Forex online anywhere and anytime you want.
In order to start trading Forex, you need a Forex broker, a company that will give you the access to the market through their online trading platforms.
Online Forex brokers are the middleman for all retail traders and we, Hercules Finance are here to help you find the best one!
Under normal market conditions, with the click of a mouse, you can instantly buy and sell at will, as there will usually be someone in the market willing to take the other side of your trade.
Join the largest financial market in the world and see the world changing every second.