The attractiveness of the currency market

1) It is the most developed market in terms of communication system. That is, by means of the Internet, satellite communication, etc. it is possible to conclude a deal from anywhere in the world.

2) It is possible to make a deal, i.e. to conclude a contract for buying a batch of currency in a few seconds.

3) Very attractive is the huge volume of trade in the market. Why is it attractive? Because the larger the market volume, the easier it is to predict.

4) In addition, Forex is very sensitive to economic and political events taking place in the world.

5) Unlike the stock market, Forex operates 24 hours a day, 5 days a week, except for weekends.

6) For a speculator working on the foreign exchange market, it does not matter whether the currency is growing or falling, you can profit from both rising prices and cheaper currencies.

7) Exchanges have a long history. The first exchanges appeared at the beginning of the millennium in Japan. They were so-called "rice exchanges". Although they looked more like a bazaar than modern exchanges, where they traded only this most valuable product for the Japanese, nevertheless even now modern exchanges use the developments that arose many centuries ago.

8) There are commodity, stock and currency exchanges. At the extreme, we will focus on more details. Currency exchanges are the interbank world currency market, the Forex market. Where did this word come from? Forex or FX - is an abbreviation of the English "FOReign EXchange", that is, literally, "foreign exchange". It is a stable expression for currency exchange. This market is the youngest, it is much younger than the stock market, let alone the commodity market. It's young even by human standards - it appeared in 1971.

9) It is now the largest international market. The volume of trade in this market is between 1 and 3 trillion dollars a day. That is one or three annual budgets of the United States. So that you can compare with other markets, I would say that the stock market volume is only 300 billion dollars a day.