Forex Market
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Traders buy and sell foreign currencies
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The spotlight is on the world’s 6 major currencies (EUR, USD, CHF, GBP, AUD, JPY)
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Unlimited buyers and sellers
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Easy to free of positions as there is always someone that wants to buy
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Trading is possible 24 hours a day, 5 days a week
Forex Market Vs Stock Market
Forex
Basics
Stock Market
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Individuals buy and sell stocks
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There are more than 40,000 types of stocks available
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There is a limit on the number of buyers and sellers
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There are stocks that are difficult to free/sell
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Trading is possible only during market operating hours
Forex (foreign exchange) is referred by investors as the ‘The Spot Market’ or ‘The Cash Market’. There are 3 trade cycles in a day; when a market opens another might close.
Trading starts first in Asia, then moves to Europe and then to the US market.