On average, it is estimated that an average amount of $5.3 trillion is traded each day through the forex market. This is a sizeable sum, and one that reflects the lure of currency trading as a flexible and liquid entity.
Far beyond being a lucrative activity, currency and forex trading is also a practice that is increasingly prevalent among small business-owners. In fact, there are various reasons why forex is important to SMEs and solo-entrepreneurs, particularly in a challenging and changeable economic climate.
In this article, we will look at three reasons why the forex market and currency trading are so important to small businesses.
Reinvest Existing Capital Into a Liquid Market
Small business-owners are increasingly likely to immerse themselves in currency trading at the most fundamental level, by actively investing capital in the forex market.
This is a popular endeavour, not least because it enables entrepreneurs to take existing …