REASONS FOR FOREX POPULARITY

Forex or Foreign Exchange is nothing but a market where corporations, nations and retail investors exchange their money to make a profit. Though the smallest increment in the Forex, the pip, has only a value of 0.0001 of a dollar in most cases, its value quickly adds up to huge profits or losses, due to the fact that trillions of dollars are exchanged in the Forex market which is open 24 hours a day, 6 days a week. Added to that, Forex is one of the most exciting, highly volatile and attractive investment markets in the world.However, with careful analysis and using different strategies, charts and trading systems, it is possible for a trader to determine when to enter and exit a position to make a profit. Though it is possible to make unlimited profits, because of the unpredictability of the Forex market, stops are placed on orders to prevent losses. Even if you are a seasoned trader and use a proven system, it is always wise to place stops on each and every order, as the market can swing unexpectedly sweeping away your investment in the blink of an eye.