How Currency Trading Works
Trading in any investment market is very difficult, as evidenced by the fact that most beginning traders lose money. However, success can be found with enough of the right education, practice, and experience. So, what is currency trading and is it right for you?
The currency market, or forex (FX), is the largest investment market in the world and continues to grow annually, with more than $7.5 trillion in notional value exchanged daily, as of April 2022. By comparison, daily value traded on the New York Stock Exchange (NYSE) averaged ~$117 billion in the first half of 2024. Traditionally, the bulk of the volume came from professional traders, but as currency trading platforms have improved, more retail traders have found forex to be…
