Question

What are specific features of the Forex markets?

What are specific features of the Forex markets?

Homework Answers

Answer #1

Features of the Forex market is :

1. Liquidity: the foreign exchange market is the most liquid market in the world. The traders can trade the currencies any time as per their choice.

2. Transparency : the foreign exchange markets are transparent, the traders get access to full and complete information. They can easily monitor The fluctuations in the currencies.

3. It is operative 24 hours, the traders can get access to information, all the time .

4. The trading costs are also lower in the foreign exchange markets: they do not charge any commissions.

5. Dollar is widely traded ; the dollar is the most widely traded currency ,it is paired with other currencies and traded.

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