How do you make good money? The impulsive answer, for many, would be to get a job or run a business, work hard to climb the corporate ladder and bump up the paycheck. True. But there is more to it.
Making money is an art - an art that allows your money to work as hard as you do and earn something extra on it every day, every month, without putting in strenuous hours. Forex (foreign exchange trading)Trading currencies are one of the options with a number of unique features.
Foreign exchange market (FOREX) is constructed of a global network of computers that connect participants such as banks, commercial companies, central banks, investment management firms, hedge funds, and retail investors and brokers from across the world. This is distinctly different from equities, which are traded on exchanges and are bound by geographies.
The decentralized connectivity has given forex trading immense depth with daily trade volumes of $5 trillion and above, making it the largest and the most liquid financial market. To put things in perspective, the daily transaction amount is equivalent to the economies of the UK and France.
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