Why is Forex Trading Popular?

The purpose of Forex Trading is to trade currencies. In this type of trading banks and institutions can easily buy and sell currencies.

In this article, I will mention the facts why it has become popular these days. The main facts are written below.

- It has unique trading volumes. It is related with the changes in economy.

- The Forex market is extremely liquid. The rates are publicized so there is no hide n seek.

- It is a world wide trading market. It is not limited to one or few areas.

- The forex market is open 24 hours a day..

- It is the closest market in accordance to Perfect Competition.

- The size of the market is not limited to a particular number. There are practically millions of traders working and trading.

The popular facts mentioned above are reckoned to be the most convincing when people decide to enter the forex market.