Margin foreign exchange is a contract between two parties agreeing to exchange the difference in the value of a currency between the time at which the position is opened and the time at which it is closed.
The main advantage of foreign exchange (Forex) is that is open around the clock 24 hours a day 5 days a week, enabling traders to buy and sell from Sunday night to Friday night and access leverage in order to speculate from global currency flows and news events. Forex is also the largest and most liquid market in the world making it the last of the true arenas where fair market competition and real price discovery exists.
Some of the advantages of Forex trading are listed below. Find out why Forex is fastest growing market in the world.