4 Currency ETFs for Excellent Forex Exposure
Jim Trippon submits:
One of the most popular selling points brokers use to attract investors to the world of foreign currency trading is to point out that the forex market is the largest, most liquid financial market. The estimates vary from around $1.5 trillion to over $3 trillion in daily transactions, but the popular anecdote that more money changes hands in the forex market on a daily basis than all of the world’s stock and bond markets combined is indeed true.
There are some neat advantages to trading forex and I know because the forex market is how I got my start in trading. Being able to trade 24 hours a day with substantial leverage are just a couple of reasons that forex trading has become so popular with retail investors. Forex trading is downright fun, but it can also be stressful and that’s why I’ve become a big fan of currency ETFs as a way of getting exposure to this critical asset class.
