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The truth is that the FOREX market is never ending.
Even on September 11, 2001 you could still find two-side quotes on currencies. The currency market is the biggest and most ancient financial market in the world.
It is also known as the foreign exchange market, or FX market for short. It is the largest and most liquid market in the world, and it is traded as a rule through the 24/7 inter-bank currency market.
Upon comparison, you will find that the market for currency futures is only one per cent as huge. Unlike other markets such as the futures markets and stock markets, trading currencies are not centered on an exchange.
With FOREX, the trading moves from major banking centers in the USA to Europe, Australia and New Zealand, to the Far East, and finally back to the USA. So it is truly a trading game that goes around the world.
Previously, the market for FOREX inter-bank was not offered to small speculators because of the large transaction size minimum as well as strict financial requirements.
The principal dealers were banks, major currency dealers and sometimes even very large speculators. Only these people were apt to make the most of the currency market's amazing liquidity and sturdy trending nature of many of the world's primary currency exchange rates.
Today, brokers for the foreign exchange market are able to minimize the larger sized inter-bank units, and offer smaller traders such as you and me the possibility to buy or sell any amount of these smaller components. These brokers give any size trader the possibility to trade at the same rates and price fluctuations as the big players who were in control of the market. This takes in individual speculators or smaller companies.
So it is a fact that the foreign exchange market has progressed a lot. At first, successful trading can be intimidating and difficult.
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