How Currency Exchange Works
The currency market, unlike the stock market, is open 24 hours a day in the business week. This again is because of its world nature. It is always business hours somewhere in the world, except on weekends and holidays. This indicates that currency exchange traders can operate at just about any time of day or night, according to what suits their schedule and their trading methodology. If you’re looking for a safe investment then forex trading is not for you. Risk is the trade off for the opportunity of making large profits from the high leverage that’s available thru currency exchange brokers. Controlling a position size that’s 100 times your committed funds is common ; 200 times is not surprising and 400 times is possible with some brokers. This means that a small change in the cost of a selected currency pair can have a massive impact.
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