The foreign exchange (currency or forex or FX) market is not subjected to one trading place. It exists wherever and whenever one currency is traded for another. Because foreign exchange is an OTC market where brokers and dealers negotiate directly with one another, there is no need for central exchange or clearing house.
An important factor separating the seasoned traders from the amateurs is forex trading software.Unlike exchange-based markets, FOREX markets operate 24 hours a day. Therefore, FOREX dealers view their customer positions concidering forex trading software most carefuly. It is easy to demonstrate that forex trading software is is important. A total lack of forex trading software would mean risking everything on any one trade.
An important factor separating the seasoned traders from the amateurs is forex trading software.Unlike exchange-based markets, FOREX markets operate 24 hours a day. Therefore, FOREX dealers view their customer positions concidering forex trading software most carefuly. It is easy to demonstrate that forex trading software is is important. A total lack of forex trading software would mean risking everything on any one trade.
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