Trading in the foreign exchange (forex) currency markets has recently exceeded $2
trillion a day and this ?gure is expected to double within the next ?ve years. The
reason for this astonishing surge in trading popularity is quite simple: no commis-
sions, low transaction costs, easy access to online currency markets, no middlemen, no
?xed lot order sizes, high liquidity, low margin with high leverage, and limited regula-
tions. These factors have already attracted the attention of both neophyte traders and
veteran speculators in other ?nancial markets.
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