Today, I will be drawing your attention to some key terms which people still can’t differentiate. This came up as a result of the questions I have been receiving from readers since I started the 10 days journey into the FOREX market.
The FOREX (Foreign Exchange) Market: The FOREX market is a marketplace where participants can buy, sell, exchange, and speculate on currencies.
The Stock Exchange Market: The stock market refers to the collection of markets and exchanges where regular activities of buying, selling, and issuance of shares of publicly-held companies take place.
The Commodity Market: A commodity market is a physical or virtual marketplace for buying, selling, and trading raw or primary products. There are currently about 50 major commodity markets worldwide that facilitate trade in approximately 100 primary commodities.
The Cryptocurrency Market: The crypto market is a marketplace where crypto traders speculate on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
These are all different sectors in the financial market.
Suggested Read: How Long Does it Take to Become a Profitable FOREX Trader?
It will interest you to know that the financial market is the only arm that makes a decision as to what happens to your life in terms of money around the world. Once you have an understanding of the operations of the financial market, you can grow fast both in business and anything related to the economy.
I know you may be asking me, “how?”
In the financial market, decisions are taken as per which price should be allocated to which asset or commodity. Just like the community is controlled by a leader, so too the big guns control the way money moves in the world. All this is done through the financial market.
Join our training program coming up from September 25 to 27, 2020.
