by conor ringland

The global foreign exchange (forex) market is the largest financial market in the world and, with a daily turnover of $1.5 trillion, it surpasses the world's stock and bond markets combined.

For professional short-term traders, forex has long been one of the trading instruments of choice. The main reasons for its popularity are the trading leverage available, the ultra-high market liquidity available 24 hours a day, tight spreads and the very low dealing costs. Most notably, the forex market

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