forex Forex

Foreign Exchange Market is the world’s most renowned place for trading currencies. A total of $3.2 trillion is traded all over the world especially by different Banks, Institutions and individual investors. The trading week for FOREX begins at 10 AM on Monday in Sydney- Australia and closing in New York at 5 PM according to their Standard Time. However, buyers and sellers – traders can trade currency over 24 hours a day, 5 days a week. Now, the reason for trading currency will be as good as dealing in shares. Let’s say your currency is Canadian dollars and you want to purchase few pounds, you bought 70 pounds after spending C $5000.00 and market fluctuates, rates increases of pounds and you sell those 70 pounds, you make good money.  READ MORE »