Foreign Exchange Markets: Unlock Your financial Potential!

A Comprehensive Guide for Beginners 📉

📅Tuesday,24 September 2024, 21:58

Figure: Close-up screen stock exchange market chart.

You will be surprised to know that Forex is not an exchange platform but a world exchange office. Due to the fact that Forex is actively used by traders to make a profit, it is often called an exchange. The main distinctive feature of Forex is that it mainly offers currency pairs. Initially, it was a platform for simple currency exchange, but people quickly realized that they can make money on the rate changes.

How does it work?

Forex is one of the few round-the-clock platforms. Most of the world’s exchanges work on a five-day basis and only at certain hours, which is definitely not a thing about Forex. Platform participants are the largest organizations and central banks of different countries, investment and pension funds, large companies, and private investors with huge personal capital. Transactions in this market start at $1 million and have no top limit...

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