Trading Paradigm

Train and Develop Professional-Level Trading Skills

  • ARTICLES
  • TOP RATED
    • Training & Mentorship
      • Tradacc Profile Method
      • TradeWithProfile Pathway
    • Funded Trader Program
      • Topstep Futures
    • Brokerage Platform
      • Edge Clear
  • FREE RESOURCES
    • Futures Trading
    • Active Trading (General)
  • FAQ
  • TRADING TRUTHS
    • The Fantasy Gap
    • Proper Expectations
    • Knowledge vs. Skills
    • Trading vs. Gambling
    • Entertainment vs. Training
  • TRADER PSYCHOLOGY
    • Natural Biases
    • The Mirror Concept
    • Self-Transformation
    • Failure is Feedback
    • More Mindset Articles
  • MARKET EDGE
    • Volume Profile
    • Expected Value Formula
    • Asymmetric Risk-Reward
    • Trade Tracking & Review
    • More Edge Articles
  • SOCIAL MEDIA
    • Twitter
    • YouTube
    • LinkTree
  • ABOUT
  • FREE FRAMEWORK COURSE & INTERACTIVE COMMUNITY → BECOME A CONSISTENTLY PROFITABLE TRADER

What is Foreign Exchange (Forex) Trading?

June 14, 2016 By Matt Thomas Leave a Comment


Trading in the Foreign Exchange Market – The Largest Financial Market in the World:

The foreign exchange market, often referred to as either forex or FX, is the marketplace where currencies are traded. The forex market is easily the largest, most liquid market in the world, trading in excess of $5 trillion per day on average. That type of volume allows for instantaneous transactions, which is ideal for traders looking to enter and exit positions quickly and easily. The United States dollar (USD) is the most actively traded currency in the forex market.

A unique aspect of the FX market is that there is no one centralized exchange, and as a result, the trading of currencies is available twenty-four hours per day, five and a half days per week with the help of major financial centers in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney. When your typical trading day in the United States comes to a close (open from 9:30 a.m. to 4:00 p.m. Eastern Time), the foreign exchange market is just opening up in Tokyo and Hong Kong. For individuals that can’t seem to find the time during market hours to actively trade the U.S. stock market due to their jobs or other obligations, forex can be rather flexible when it comes to personal availability. In the end, currencies need to be exchanged in order to conduct foreign trade and business, which can present profitable opportunities for savvy FX traders.

Related Post: Top 4 Trading Principles That Every Trader Must Understand

Filed Under: The Daily Dose: Questions For Stock Traders

STOP TRADING BLIND. START USING THIS PROFESSIONAL TRADING TOOL.

SEARCH

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

STOP TRADING BLIND. START USING THIS PROFESSIONAL TRADING TOOL.

SEARCH

#1 Free Foundational Course

Trading Success Framework - Free Course

Overall Rating – 4.9/5 Stars

Get Started on the Right Path

#1 Trading Psychology Course

2ndSkies Trading With Chris Capre

Overall Rating – 4.8/5 Stars

Overcome Your Current Conditioning

#1 Training/Mentorship Program

Trade With Profile - Top Rated Active Trader Training Program

Overall Rating – 4.9/5 Stars

Acquire X-Ray Market Vision

#1 Funded Trader Program

Topstep Trader - Top Funded Futures Trading Program

Overall Rating – 4.8/5 Stars

Earn 5, 6, or 7-Figure Funding

#1 Training/Mentorship Program

What is Tradacc.com - Tradacc Reviews - How is Tradacc For Beginners

Overall Rating – 4.9/5 Stars

Accelerate Your Trading Journey

#1 Futures Brokerage Service

What is EdgeClear - Is it the Best Broker to Trade Futures With?

Overall Rating – 4.9/5 Stars

Learn More About EdgeClear/EdgeProX

Risk Disclaimer||Affiliate Disclosure||Privacy Policy||Site Map||Contact||About