What Makes Forex So Attractive?

The foreign exchange market allows large institutions, governments, retail traders and private individuals to exchange one currency for another and takes place via the interbank market (between banks).The benefit of having forex trade between global banks is that forex can be traded around the clock (during the week). As the trading session in Asia comes to close, the European and UK banks come online before handing over to the US.

The full trading day ends when the US session leads into the Asian session for the following day.What makes this market even more attractive to traders is that it is by far the most liquid market in the world, with an average daily trading volume of $5.1 trillion according to BIS Triennial Survey 2016. This means that traders can easily enter and exit positions as there are many willing buyers and sellers for foreign exchange

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