If you have some experience with Wall Street’s stock exchange and you’re interested in spicing things up (and upping the ante a little while you’re at it!) then becoming a Forex trader might be just what you’ve been looking for. Forex is the global Foreign Exchange, and is the market where world wide currencies are traded. Every day, hundreds of factors contribute to or detract from the value of each country’s currency. Naturally, this amounts to a fast-paced, and high energy trading market, since your goal is to buy up currencies while they are undervalued, then cash in when they rise.
You may be wondering what currencies are available to trade on the Forex market, and how to get started. Forex trades at a daily volume of about $1.2 trillion, which is enormous. When viewed alongside the equities and futures markets, the scope of Forex is far greater. Because of this, many investors are attracted to the foreign exchange, whose markets are open 24 hours a day for 5.5 days each week. The Forex week opens on Monday mornings in Australia, then spreads around the world, following the market openings throughout the countries of the globe.
Enjoy this video that goes into a little more than introductory depth, explaining what currencies can be traded on Forex:
