This is common observation that we hear about the NYSE in the news every day in any business news on CNBC news… on Bloomberg news…on BBC…, you even hear about it at your local gym. “The NYSE is up today, blah, blah”. When any people talk about the “market”, they usually mean the stock market. So the NYSE sounds big, it’s loud and likes to make a lot of noise.
But if you actually compare it to the foreign exchange market, it would look like this…
Big Forex Trading markt work like a huge Monster
Check out the above graph of the average daily Forex trading volume for the Forex trading market, New York Stock Exchange market, Tokyo Stock Exchange, and London Stock Exchange other:
The real truth about the currency market is over 200 timeshuge! But stay at your horses, there is a catch!
That big and huge $5 trillion number covers the entire global foreign exchange market, BUT retail traders (that’s us) trade the spot market and that’s about $1.49 trillion. So it is you see, the Forex market is definitely huge, but not as huge as the media would like you to believe.
Do you ever feel like you already know what the Forex trading is all about? So in these blog we try to find out and share all about the Forex trading market hope this journey will be great.....