The forex market is the world's largest international currency trading market operating non-stop during the working week. Most forex trading is done by professionals such as bankers. Generally, forex trading is done through a forex broker – but there is nothing to stop anyone trading currencies.
Nowadays forex trading is done with automated systems or robots. If you want to know more about the forex market then you can search for automated forex trading via https://fxsharerobots.com.
Forex currency trading allows buyers and sellers to buy the currency they need for their business and sellers who have earned currency to exchange what they have for a more convenient currency. The world's largest banks dominate forex and according to a survey in The Wall Street Journal Europe, the ten most active traders who are engaged in forex trading account for almost 73% of trading volume.
However, a sizeable proportion of the remainder of forex trading is speculative with traders building up an investment which they wish to liquidate at some stage for profit. While a currency may increase or decrease in value relative to a wide range of currencies, all forex trading transactions are based upon currency pairs.
Because the markets for currencies are global, the volumes traded every day are vast. For the large corporate investors, the great benefits of trading on Forex are:
- Enormous liquidity – over $4 trillion per day, that's $4,000,000,000. This means that there's always someone ready to trade with you
- Every one of the world's free currencies are traded – this means that you may trade the currency you want at any time
- Twenty four – hour trading during the 5-day working week
- Operations are global which mean that you can trade with any part of the world at any time