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In fact , the big banks , whether multinational or regular as well as major financial institutions had dominated the forex market (also called Forex trading ), but there is a change in the typical nature and quality of investment during the last period . According to Copy A Millionaire , in the new millennium , there are about six million investment account , up from 1.5 million in 1997 . As a result , the companies that had just begun to compete directly with the major financial institutions in the service of investors within the scope of the modern economy and technology-driven , and it was clearly the winner in this context is the client. Competition among companies that do business with the public and those that do not deal with him in addition to certified companies on the Internet dramatically reduced investment costs also enabled the individual investor to control the strategy of private investment in the field of forex trading .
We all know that forex trading is simply a direct access to the exchange of currencies . In the past, this was only available to major banks and businesses Wolcott developments of modern technology has allowed for small traders to benefit from the advantages of using Forex trading platforms on the Internet . Forex market is open 24 hours a day and almost five days a week . At present , the trade via the Internet has revolutionized the currency markets after what made him accessible to small investors and those with average size .
Forex Trading may be the largest financial market around the globe with a trading volume of approximately $ 1.5 trillion . Forex trading is simply the process of buying a currency for immediate sale in exchange for another currency . Global currencies moving in line with floating exchange rates are also traded in pairs , for example Euro dollar and the U.S. dollar and the yen, the dollar rupee and others.
In the new millennium , the Forex Trading is now available for individual investors or small groups of investors . According to the current scenario , investors can now take advantage of the many features in the forex market , which more than their counterparts in the equity markets , futures and other types of investment. Today, most traders choose forex trading more than they prefer stock trading because it has nearly 4,500 shares listed on the New York -inch with 3500 shares listed on another stock exchange NASDAQ . Forex Trading in everyday , you have four major markets , 24 hours a day , 5.5 days a week , if you wish , you have about 34 coin to consider them in your spare time . You can focus on the major currencies in the market and choose among them for trading. Also when investing in forex you can find free time Tamadath afternoon or watch a film with your wife , or the celebration of the holidays – in brief , the Forex Trading is characterized by simplicity and freedom from complications that can be found in the stock markets and futures .
Forex Trading is not only available and easy and does not require an investment opportunity large capital , but also in terms of the cost is more efficient in terms of both trading commissions or fees . In general , the stock trade commissions ranging from $ 7.95 – $ 29.95 per trade with brokers and the Internet in excess of $ 100 with traditional brokers . On the contrary , the commission shares are usually directly linked to the level of service provided by the mediator . , Which reaches its peak with the traditional intermediaries . Full access to Copy A Millionaire and the research and recommendations of equity analysts and others. In contrast , the forex brokers are paid commissions and fees are very small on the trades is almost negligible .