Is Forex A Viable Trading Option

Written by News Company

Forex trading is a billion dollar a day financial trading market that's only getting bigger. People of all walks of life are trying their hand at Forex trading. Some are being sold a dream through social media influences, some are doing their research and are making a fortune. It's estimated that the Forex market trades $5 trillion a day. For those of you who didn't know, Forex trading is the trade of currencies. If you think about a Forex trader you might think about the big computer screens and a bustling office full of numbers being shouted out. It's very much like that due to the market fluctuating so much.

It's estimated that there are around 9.6 million active traders who are taking part of that $5 trillion a day pot from around the world. Developing parts of the world such as parts of Asia are now accounting for more of the market. However, a big hub of the activity happens in the UK and the United States. Some regard London as the Forex trading capital of the world.

Many global traders are making a fruitful living from taking their skills and use it to train buddy investors wanting to become a Forex trader. Their monthly packages make millions a year.

The recent improvements in trading technology are largely accounting for the trading growth in recent years. On the go trading is now possible through mobile apps, meaning trade deals can be secured in nearly every location in the world.

Find out more about the global trading figures from the following infographic: