The Forex (Foreign Exchange) market is the largest market in the world. According to the BIS Survey, the daily global forex transaction volume reached $6.6 trillion in 2019. It’s a really high volume of transactions, especially for several major currencies, which means there are plenty of interesting opportunities we can take every day. Across the globe, the forex market has become a battle ground for many different types of investors, hedgers or even bankers.
Fundamental Drivers for Foreign Exchange
Currency represents the economic and political state of a country. Each currency is considered to represent the condition of a country, including economic, business, as well as political and even social activities. The activities in a country and its conditions will create a relativity (whether strong or weak) against other currencies from other countries. Because conditions of a country are ever-changing, the currency or foreign exchange market is highly volatile, changing whenever conditions change.
Why trade GOFX forex?