The Foreign exchange currency stock trading is also calledForex stock trading and it has no single physical marketplace but is controlled by online stock trading platforms. The Forex stock trading market is a 24 hour market and is open to anyone sitting at any corner of the world with a computer.
In case of physical stock markets like New York Stock Exchange situated in Wall Street in New York and Tokyo Stock Exchange situated in Japan, the online traders of each exchange are confined to make trades within the actual trading hours of that particular country.
On the contrary the online Forex traders can use a number of online trading platforms that are functional 24 hours a day and individuals dwelling at any corner of the earth can invest in the Forex stock trading given that he has a personal computer with internet connection, a telephone and proper market knowledge.
The online Forex trading basically the process of purchasing one country’s currency using another country’s currency. The online Forex stock trading involves the exchange of currencies of two different countries at the same time and the traders may be purchasing Japanese currency with German currency.
According to the market study, the Forex stock trading service generally trades approximately $1.9 trillion daily and that makes the Forex online trading the largest exchange in the world.
The governments, banks, corporations and individuals all across the world are involved in the Forex trading on every day basis. In a single day Forex trades in hundreds of different currencies in their ever changing values. Forex trading is unique in its kind and unlike stock markets, everyone does not have access to all the information available with Forex trading.
Before the coming of the internet era, the Forex market was inaccessible to the small investors and individuals while large financial institutions like corporations, big brokering companies and banks had the privileged access. The internet has changed the scene of global market over some years and so has done to the Forex trading services. Now individuals and small investors also can have an access to the online Forex trading through internet. The number of websites operated by the Forex trading companies are now making things easy for the people and hence offering guidance on Forex trading by professional Forex traders.
Last Updated on : 23rd July 2013