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We are in strange times. The COVID-19 pandemic is an unprecedented event and the world trade is anticipated to fall between 13% and 32% in 2020. The bad news is, the health crisis timeline is fuzzy, and it is almost impossible to define when the world will get back to normalcy.
Ever since Forex became attractive to retail investors in the late 1990s, the Forex market has grown 2.5x faster than the global GDP. Today, Forex is the largest and most liquid market in the world. Currently, $5.3 trillion are traded every day in the Forex market, with retail investors contributing over $250 billion of the total daily turnover.
Forex Trading, just like every other industry has rapidly evolved over the last decade. The internet has opened up trading opportunities, unleashing the financial acumen of a large number of individuals and bringing down the entry barrier of trading via conventional means. From individual investors to full-fledged traders, accessing global markets, making real-time decisions, and, more importantly, being abreast of what’s really happening in the market has been streamlined, thanks to the internet.
Forex trading is among the most lucrative, financially rewarding growth options out there. It is a good place to grow your funds, and, with its 24x7 operations open throughout the year; forex trading provides ample scope and opportunities for savvy traders to trade consistently and successfully
With a market that's open 24 hours on weekdays to allow investors across the globe to trade, irrespective of time zones, it's safe to say that forex is the largest and most liquid financial market on a global scale.