Forex

Monday 15 May 2023 04:39 PM Beirut Time · 102

Fatima

What Is Forex ?

• Forex is a decentralized global market where all the world's currencies trade.

• The need to exchange is the primary reason why forex is the largest market..

• The market is open 24 hours a day, 5 days a week..

• Currency trading is conducted electronically over-the-counter.

• Average daily trading volume exceeds $5 trillion

The Four Major Trading sessions: • the Sydney session. • the Tokyo session. • the London session • the New York session.

Three Golden Rules of Foreign Exchange Market hour timing:

Busiest session – European (London) session. 30% of all trades happen in this session. Mondays usually start slower as the news are just in preparation. You don't have to trade all of the sessions.

Forex/ Trading

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