Recently, the Forex market has really become popular among small investors. Before the internet, Forex trading was available only to large institutional traders. But, like so many other things, the internet has changed the way the game is played.
It’s interesting to note that one of the most popular assets traded these days is currencies. Before, it was mostly stocks. But now there is massive interest in the Forex market. Perhaps it is because people percieve the world as being much smaller, and they understand that each country’s economies and currencies are closely linked.
There is also a certain thrill provided by Forex trading. Typically, you can get 100:1 leverage. So that means you can buy $10,000 of a certain currency for $100. It also means that if the price of a currency that you buy increases by just 1%, you have just doubled your money.
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