The foreign exchange market is the largest financial market in the world. However, it was not always accessible to any interested traders. There are additional risks associated with Forex trading because Forex trading is not conducted on a regulated exchange. In the past, foreign exchange of currencies’ access was limited to banks, hedge funds, major currency dealers, and the occasional high net-worth individual. But its tremendous liquidity, 24-hour access 5.5 days of the week, and the strong trending nature of currency exchange rates turns the smaller financial institutions want to get this advantage too.
The entrepreneurial vision of those smaller financial institutions and the evolution of the internet connection and accessibility made Forex accessible at a retail level. Those institutions were combining the accessibility of the internet and fast and efficient proprietary software. That software was support for giving accurate pricing, charting abilities, technical indicators, and new feeds. That accuracy is allowed any interested speculator to open the access to trade currencies. In the year of 2002 to 2005, the practice of trading Forex has grown threefold and these growth curves are still continue.
Forex market is the fastest, largest, and the most liquid market in the world. But it is the only of the beginning of its advantage. Forex is the simultaneous buying of one currency and selling of another in order to seek gaining a profit or accruing a loss. Despite of its risk, the beneficial of this trading is known almost everyone who are join this trading market. Forex can make you rich but also can make you bankrupt
Source by Yongki Andreas