Is forex trading a good idea?
Many people around the world believe that forex trading is a good idea. They came to trade in the online forex market in order to seize opportunities and profits. Some of them believe that the forex market is the best market for trading in the world. There are a lot of reasons why forex is a good idea for trading, among them are: regulations that provide security, access to the market and some advantages when trading forex and more.
Forex is a globally traded market that is open 24 hours a day, five days a week, Monday through Friday. Follow the movement of the sunrise around the Earth as it opens Monday morning in Wellington, New Zealand before advancing towards the Asian markets in Tokyo and Singapore. It then moves to London before closing on Friday evening in New York.
Even when the markets are closed from Friday to Sunday, there is always something going on that will have an impact on the different currencies at the opening of the markets on Monday.
There is no bigger market
The forex market is the most traded in the world with a turnover of more than $5 trillion per day. This means that currency rates fluctuate against the prices of other currencies constantly, which creates trading opportunities for investors to take advantage of.