Olalekan Samuel Amoo on LinkedIn: Power of Global Finance : Top 6 Most Traded Currencies in the World -… (2024)

Olalekan Samuel Amoo

Founder and CEO, Engolee LLC | Business Innovator & Strategist | Author of Sell Like Titans, Time Management for Busy People, etc. | Business Coach

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Power of Global Finance : Top 6 Most Traded Currencies in the World - Picture a bustling marketplace, but instead of vendors haggling over fruits and spices, traders from Tokyo to New York are huddled over computer screens, scrutinizing charts, and executing buy and sell orders in a symphony of global commerce. This is the foreign exchange market, and it's like no other place on Earth.In the forex market, the stage is enormous and borderless. It is a place where national borders blur and economies from all corners of the world meet. In contrast to the stock market, where each country's exchange has a specific opening and closing time, the foreign exchange market is open 24 hours a day, five days a week. It is as if the sun never sets on the foreign exchange market.One simple principle drives this nonstop trading activity: the exchange of one currency for another. Whether a multinational corporation is hedging against currency risks, a central bank is managing a nation's monetary policy, or a retail trader is attempting to profit from exchang...... Visit https://lnkd.in/eAgFPNsf to continue reading!

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