What Is The Foreign Exchange Market

If you don’t already know, attempting to learn the ins and outs of the FX/ Foreign exchange market can like running into hell with flammable shorts! (that’s

if you go ahead without AstroFx mentoring of course ) whilst getting to grips with the terminology alone can turn you insane! 

In simple terms, the forex market is actively traded 5 days a week, 24 hours a day opening 10pm on a Sunday night and closing at 10pm on a Friday night.
Businesses, investors, governments, banks and retail traders ( such as yourself) exchange and speculate on the currencies that are available through an online broker, ultimately using probabilities ( fundamental/technical analysis) to predict the currencies next move either up or down! 

These currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY) and anybody, anywhere is able to profit from the correct judgement and direction of their constant price fluctuations. The Forex market is the largest and most liquid market in the whole world with an average daily turnover of $4.98 Trillion dollars ( toppling over the stock market which is in the billions )

The main forex trading centres worldwide include: London, New York, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. Once you have familiar-
ised yourself with a currency pair and your research indicates a certain position that you feel you will profit from, you may then work that position all day and night if you wish. Allowing you to potentially accumulate greater profits in a shorter amount of time than you could achieve if you were to trade stocks. 

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