The forex market, also known as the Foreign Exchange market, is a decentralized marketplace that operates on a global scale. Specifically for FX trading, it is a 24hr market staying open for the full 5 weekdays. However, this does not mean that the market is always super active throughout the whole 5 days, and even...
Category: Forex
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What is Forex Volume?
Unlike exchanges that process stocks via a clearinghouse, the forex market is comprised of several commercial banks, proprietary trading firms, hedge funds, and individual traders. The fragmented nature sees forex transactions operate via electronic platforms in the absence of clearinghouse and a primary exchange. The foreign exchange market is decentralized and processed over-the-counter (OTC), which is...
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Understanding Spread in Forex Trading
The foreign exchange market also known as FX market or Forex market is a decentralized global currency trading platform for all kinds of traders to participate in different purposes including hedging and speculation. The FX market is undoubtedly the largest financial market, with a daily volume of FX trading averaged around US$2.0 trillion according to the Triennial...