10 Quick Online Forex Trading Tips For Dummies

Foreign Exchange fondly called Forex, is the arena where a nation's currencies are exchanged for another. The forex market is the largest financial market in the world, with the equivalent of over $1.9 to $2.5 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.

1. 24-hour trading – The Forex market is a true 24-hour market. This means that a currency trader can basically choose his/her own hours to trade.