The foreign exchange (forex) market has a reputation for being difficult amongst investors due to its somewhat volatile nature.

At first glance, forex trading is complicated. There’s a whole gamut of contracts, of different currencies, with minimum bid sizes and so on.

However, forex markets are also one of, if not the largest and most liquid financial markets in the world. This means traders are able to get higher returns quickly, or lose their positions just as quickly. Add in the time zone difference – the US dollar, the Swiss Franc, and the Euro are likely to react to news happening during their respective market hours – forex is not for the faint-hearted.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook