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Gary Halbert · whole document (135)

Legally Blind

Are you ready?

Ok then, let's roll:

I'm going to start
by telling you 7 facts about the FOREX market. As you
may already know, FOREX is the acronym for "The Foreign
Exchange Market."

This market concerns
itself with the buying and selling of the currencies of
just about every country on earth. This market is BIG!
So big, in fact, it's hard to wrap your mind around the
size of it.

Listen to this.
The FOREX has an average daily volume of...

Almost
Two TRILLION Dollars Per Day!

I'm going to try
to bring that fact home for you: The New York Stock Exchange
has a daily volume of approximately 25 billion dollars.
That means the FOREX is 200 times larger than the NYSE.

Actually, the daily
volume of the FOREX is triple the size of all other investment
markets combined! In spite of its size, the FOREX does
not have a physical location or a central exchange. It
operates through an electronic network of people, banks
and companies that specialize in trading one currency
for another.

Almost all FOREX
trades are executed on the internet by someone sitting
at a computer with a high-speed connection. So, if you
don't like working with a computer you may as well stop
reading... because...you will be left out.

Still with me? Good.

Now chew on this:
Because the FOREX does not have a physical location or
a central exchange, it is able to operate on a 24 hour
basis leapfrogging from one time zone to another across
the major financial centers of the world.