Forex Trading is the transaction of trading currencies of different countries against one another. Currencies are exchanged for doing business and trading abroad, which makes the forex market the largest financial market in the world. Forex trading is done through a forex broker or market maker and is now considered a common form of investment. The Forex market is a 24-hour global market, which allows forex brokers to trade starting when the market opens in Australia on Sunday and ends in New York on Friday. Today’s traders also have the flexibility to trade Forex online. Some of the benefits of forex trading are high liquidity and low transaction fees. A Forex broker, such as Monex, also allows traders to trade the market using leverage. In other words, traders can trade with more money than they have in their account. However, leverage can increase profits and increase losses at the same time.
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