FOREX TRADING.
The foreign exchange market is unique because of the following characteristics:
•its huge trading volume representing the largest asset class in the world leading to high liquidity;
•its geographical dispersion;
•its continuous operation: 24 hours a day except weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
•the variety of factors that affect exchange rates;
•the low margins of relative profit compared with other markets of fixed income; and
•the use of leverage to enhance profit and loss margins and with respect to account size.