Is forex world wide business?

[Rizog]

Forex is a worldwide business and the interesting thing is, if you think the economy of Zimbabwe is going to put up a great show, you can trade on its currency, even if you have no direct connection with the nation. Similarly, if you believe China is going to dump, you can place a ‘sell’ call on its currency and profit from its meltdown.

 

[Nisoro]

Yes, this business is probably more globally integrated than every other. The good part is, if you have a view on the economy and in turn, the currency of a country with which you have no direct connection, you can still take a position in that. That too, without much investment, which is not possible in any other business.

 

[alaska27]

This market is truly global and this is its huge advantage. After all, anyone can start trading various assets, ranging from global brands' stocks to cryptocurrency.

 

[Rizog]

Yes Forex is a worldwide business but it has different rules and regulations in each country. The Forex trading is divided into different sessions starting from Sydney session, Tokyo session, US session, and Asian session. So you can trade 24 hours from monday monrning to friday night.

 

[nahiyar]

One good thing about forex is that it can be done any where in the world . You are not bound to do it in certain regions . With any broker one can open trading account become a member of this global business. Then He can do trading any time when he is free and easy . Now forex is the whole world.

 

[Herpas]

Forex is forbidden in some countries. Of course, that doesn't means, that nobody trades there. It's just that trading is illegal. So you probably shouldn't say, that you can trade from anywhere in the world.

 

[forextrading23]

yes sure. forex is traded all over the world

 

[Melvin Leon]

Yes it is a world wide business. Due to the advancement of internet, people from all over the world has access in online forex trading. In some countries government doesn't allow online forex trading. You need goverment permission. But then too people from those countries are doing trading online.

 

[Addam]

Forex is a world wide huge business with the exchange of trillions of dollars on the daily basis. Forex market, as a whole, comprises all the huge markets from almost all continents including Australia, America, Asia, Africa, etc. Proud to be a trader!

 

[TrapLok]

Forex market is the world's largest market in terms of money as billions of dollars are exchanged here everyday. The market remains open 24 hours from monday to friday as it is a worldwide market covering all continents. The opening session starts from sydey and ends at Asia.