ONLINE FX TRADE Due to the evolution in the technology, the trading trends have been changed tremendously .Due to technology advancement all the traditional trading barriers have been overcome and Forex trading is improving every day and every hour. A new concept of online FX trade has emerged. The concept of Online FX Trade was originated in the late 90's, and from then onwards this has been rising up and up opening doors of opportunities in trade worldwide. Online FX trade has joined the entire Forex world and Forex trade opportunities together in a one click. With the use of high end trade platform on a fast processing machine and high-speed Internet access every single person intended to trade in online FX world is now capable of doing that in liquid FX market. Every individual trader or Retail clients can now trade together with the biggest banks in the world, with similar pricing and execution. Due to technological innovation in Forex trading way of trading has also been changed and now every FX trader can easily access trade information, quotes and currencies as per their access levels. Large commercial banks trade with each other through the Electronic Brokerage System (EBS) is interconnected via Online FX trade methodology these days. Interconnected banks can now make their quotes available in this market only to those banks with which they trade. This market is not directly accessible to retail traders. Online FX trade gives an opportunity to Retail traders to access the market through online market makers that trade primarily out of the countries. These market makers typically have a relationship with several banks on EBS; the larger the trading volume of the market maker, the more relationships it likely has. Online FX trade market is a market that trades actively as long as there are banks open in one of the major financial centers of the world. This is effectively from the beginning 1st week day to 5th working day of the week as per the standards. In terms of GMT, the
trading week occurs from Sunday night until Friday night or roughly 5 days, 24 hours per day. Online FX trade is completely safe and secure and does not have any threat to the traders secrete information. Every trader account is entirely separate from the others and has authorized access information. In my next blog I will be explaining features of Online FX Trade
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