Carlos Hank Rhon - Importance of Learning about Forex Trading

   Forex Trading is the foreign market currency exchange trading. Here, pairs of currencies are bought and sold by investors. The base currency being the base and counter quoted. The advantage of Forex trading is that it is available all 24 hours, all days except weekends. Forex does not have corporeal or central locations, unlike the other trading industries.

The direction of Forex is undetermined or uncontrolled by the government. This is mainly due to the large numbers of traders as well as huge numbers of diverse traders. These traders may be located in various parts of the world such as New York, Japan or London. The biggest Forex traders are the financial institutes, private sectors, government, banks, corporations, etc. The whole operation may be likened to a commercial drug store where drugs may be sold or bought over the counter.

Since there is no single or group entity controlling the Forex market, Forex trading has grown to one of the largest exchange industries available. The Forex market also has the advantage of a large volume of liquidity and lower transaction expenses. The lower transaction expenses help spread the cost in the trading for Forex. It does not matter whether markets are low or high. Unlike the stock-exchange, there is always a potential to gain, irrespective of the market conditions.