The foreign exchange market is unique because of the following characteristics:
1) its huge trading volume representing the largest asset class in the world leading to high liquidity;
2) its geographical dispersion;
3) 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);
4) the variety of factors that affect exchange rates;
5) the low margins of relative profit compared with other markets of fixed income; and
6) the use of leverage to enhance profit and loss margins and with respect to account size.
:D:):o:p
1) its huge trading volume representing the largest asset class in the world leading to high liquidity;
2) its geographical dispersion;
3) 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);
4) the variety of factors that affect exchange rates;
5) the low margins of relative profit compared with other markets of fixed income; and
6) the use of leverage to enhance profit and loss margins and with respect to account size.
:D:):o:p
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