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Introduction of Forex Trading [998]

These days Forex Trading has gain a lot popularity because of its high returns. Exchange-Traded Forex Futures Contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Forex Market is known for its voltality and large number of investors world wide, Forex Futures Volume has grown rapidly in recent years touching $4 trln per day.

 

The foreign exchange market is unique because of:

  • its trading volume,
  • the extreme Liquidity of the market,
  • the large number of, and variety of, traders in the market,
  • its geographical dispersion,
  • its long trading hours - 24 hours a day (except on weekends).
  • the variety of factors that affect exchange rates

Now a days, Forex Trading does not require any broker to deal on behalf of customer as online trading facility is available enabling the investors self-reliant to trade in their own account. The Non-dealing Desk brokers provide such facility acting as support to the clients and help them in currency trading.

 

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