The financial services industry is the biggest in the world in that it includes the largest group of companies in terms of earnings and market capitalisation.
Within the financial services industry, the foreign exchange market (or “Forex”) is the biggest in the world account for trades worth an estimated 1.8 trillion US dollars every trading day – i.e. Monday to Friday, 24 hours a day.
It is also estimated that 95% of the value of those trades is accounted for by speculation of one kind or another. So as you can see, it’s pretty big!
So if you’re interested in financial services career of any kind – and at whatever level or discipline you’re involved in – a good knowledge of foreign exchange trading would be a good idea – and an excellent thing to include on your CV.
The fact that the market is so big means there are countless brokerage companies out there clamouring for a piece of the action and each trying to outdo the other in terms of the services and benefits they offer.
Included in such offers are free online tutorials, cash bonus offers and demo trading only operations. There are also some excellent discussion forums.
In other words, getting a good knowledge of how to trade Forex, understanding the multifarious different types of trade and the terminology associated with them is relatively easy and it’s free for anyone with a computer and internet connection. You don’t even have to risk your own cash to get started; just follow the virtual trading options
From a CV-enhancement point of view, therefore, it’s free and easy. It can even be quick if all you want to do is grasp the basics, but like any other walk of life, there’s a lot to learn if you really want or need to get more deeply into it.
This article was written by David, a financial expert who is keen to improve his knowledge of how to trade forex.