The currency market, or forex (FX), is the largest investment market in the world, and continues to grow annually. Recently the forex market reached $6.6 trillion in daily average turnover. In comparison, there is only $170 billion of daily volume on the New York Stock Exchange (NYSE).
The market may be large, but until recently the volume came from professional traders, but as currency trading platforms have improved more retail traders have found forex to be suitable for their investment goals.
Forex investing is appropriate for some clients but not all. It requires a highly disciplined approach approach. Risk can be largely reduced by not using excessive leverage in trades.
Some clients utilize forex as a hedge for other investments that they make in various markets.
