Why Forex market is special?

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Many things makes the forex market so special, such as the amount of profits that many traders make around the world, also the used liquidity makes the forex market one of the most important markets financially, there’s also the many options that the traders has when it comes to the used capital of the trader. Each trader can find the way it suits his\her capital starts from currencies, stocks, commodities, crypto and many other fields. The size of the global forex markets is high, the risk there is also higher, and the profit margins are significantly higher as well. The forex market is substantially more volatile than the stock market, meaning material fluctuations in exchange rates are often more frequent than a similar move in stocks. Traders who are able to identify and act promptly on such fluctuations tend to make enormous profits. Forex markets are exists since the late 1800s, while cryptocurrencies have just started gaining traction over the past few years. Foreign exchange is much more stable than crypto. One of the most unique features of the forex market is that it is comprised of a global network of financial centers that transact 24 hours a day, closing only on the weekends. As one major forex hub closes, another hub in a different part of the world remains open for business. Compared with any other financial market, the forex market has the largest notional value of daily trading. This provides the highest level of liquidity, which means even large orders of currency trades are easily filled efficiently without any large price deviations. The key to success in the forex market is to specialize in the currency pairs that trade when you’re available and to use strategies that don’t require around-the-clock monitoring. An automated trading platform may be the best way to accomplish this, especially for new traders or those with limited experience.

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