Nearly everyone is familiar with the stock market and buying and selling stocks to some degree. Some of us are active investors or traders who live and breath the stock market, while many others simply have retirement funds socked away and maintain a detached interest in the market since these funds may not be available to them for a long while.
The Biggest Exchange On The Planet Is Always Open For Business
Regardless of our involvement level, many of us are not remotely familiar with the largest and most liquid financial market of them all the forex markets, also known as the Forex - where the currencies of the world’s nations are traded every weekday, 24 hours a day.
Due to global time differences the currency markets are always open. As Asian trading ends, trading in Europe begins, and as it nears an end, North American trading open then closes, as Asian trading begins anew.
And because of its tremendous size, the FX is extremely liquid. That is, for every seller there’s a buyer. This also means the bid and ask prices will be close to one another so trades are completed quickly. In fact, it’s estimated that the foreign exchange trades nearly 4 trillion dollars a day, more than all other stock exchanges combined.
