The foreign currency exchange market is one of the most influential markets in the world today, the New York stock exchange, the Nasdaq and the Tokyo stock exchange the three largest securities markets in the world have a daily trading volume of around 300 billion USD combined… the foreign exchange market has a daily trading volume of around 6.6 trillion dollars per day according to the Bank for International Settlements (which is basically the central bank for central banks). This daily figure is more than the annual GDP of all but two of the largest nations on earth, China and the USA.

Well, in this video I want to explore three things: Why is the foreign exchange market so large and influential? Who actually conducts these trades and how? And while we are at it why is it that the UK pound is so valuable compared to all other currencies?

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

📚 Want to learn more about foreign exchange? We recommend reading “The Art of Currency Trading: A Professional’s Guide to the Foreign Exchange Market (Wiley Trading)”, by Brent Donnelly 👉 https://amzn.to/2Ygmpx3 (as an Amazon Associate, we earn from qualifying purchases)

Sign-up for Acorns! 👉 https://www.acorns.com/ee (after registration, Acorns will deposit $5 in your account to help you get started with investing!)

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExpl…

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

#digitalmarketing
#forex
#forexexhange
#personal
#finance
#mutualfunds
#digital
#Forex
#ForexExchange
#Personal
#PersonalFinance
#Personalfinance
#Finance
#Mutual
#Mutual funds
#Funds
#lawyer
#accidentattorney
#Insurance
#Loans
#Mortgage
#Attorney
#Credit
#lawyer
#insurance
#insurancecompanies
#attorney
#attorneyatlaw
#mortgage
#mortage
#insurancequotes
#hostingservices
#seoetsy
#seoacronym
#referralmarketing
#seodescription
#uberaccidentlawyer

Important Risk Disclaimer:

The calculation of profits discussed in this video is subject to any applicable fees that may be incurred by customers.​ Certain leverage may not be available in your jurisdiction and you should contact your Forex dealers for more information regarding limitations on leverage.

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine “risk” funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No “safe” trading system has ever been devised, and no one can guarantee profits or freedom from loss. See Full Risk Disclaimer: http://www.zulutrade.com/risk-disclaimer

The foreign exchange (aka forex) market is the largest by far in terms of trading volume and it should come as no surprise that more and more people want to make money in it through forex trading.

So… should you sign up for an account with a forex broker and become a forex trader?

Let’s find out what forex trading is all about and whether or not it’s a good option for most people.

Please like, comment and subscribe if you’ve enjoyed the video.

To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.

Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics@gmail.com, any and all support is greatly appreciated!

Oh and I’ve also started playing around with Patreon, my link is:

https://www.patreon.com/oneminuteecon…

Interested in reading a good book?

My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we’re talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:

Comments

Comments are disabled for this post.