How does Currency Trading operate?

 

The fact that most new traders lose money shows how challenging trading is in any investment industry. With sufficient training, experience, and practice, one may achieve success. So what is currency trading exactly, and is it a good idea for you?

With daily exchanges of more than $4–5 trillion in notional value, the currency market, or forex (FX), is the biggest financial market in the world and is still expanding.

Comparatively, the daily volume on the New York Stock Exchange is just $25 billion (NYSE). However, there is a sizable market; until recently, professional traders dominated the volume. However, as currency trading platforms have advanced, more retail traders have discovered that forex is a good fit for their financial objectives.

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