Forex trading or Forex exchange is the largest financial market in the world. Forex trading means trading national currency into an international market with all the world’s currencies. It is like throwing an ogre rock into an ocean.
The biggest reason why this market is so liquid is that it is tradable 24 hours a day, five and a half days a week with a one-click buy and sell facility and that won’t affect the prices much.
Feasible Transaction Cost
The bidding on forex incurred less than 0.1% under stable market conditions. However, it could go to 0.07% based on the leverage factor.
No Fixed Lot Sizes
There are four lots each representing a specific sum of the units of the currency. Those are – Standard lot, Mini lot, Micro lot, and Nano lot.
A 24-Hour Market
This market runs 24 hours a day on weekdays across the globe in different time zones which makes investors and interest forex users use it at their convenience.
No One Can Own The Market
According to BIS last year’s report, the market consists of trillions of transactions per day.Central bank or mighty zillionaire cannot control the market price, even not for a short period of time.