People are becoming more passionate about forex trading these days. Everyone wishes to have quick profits with minimum investment. This is the reason why forex market has become the world’s biggest financial market with a daily turnover of around 5.3 trillion dollars. Millions of trades and brokers join the forex market each day. There are many who successfully trade forex and earns a handsome living, while numbers are no less for those unfortunate traders who lose their investment in all of a sudden and never returns back to the industry again.
Forex Trading In Australia and ASIC Regulation
Forex trading is equally popular in Australia as in any part of the world. However, rules and regulation concerning forex in Australia are relatively strict as compared to other countries. In Australia, the regulatory body Australian Securities and Investment Commission takes hold of control concerning all activities relating to forex. The regulatory body ensures that banks, brokers and all such financial institutions entrusted with the public money remain fair, and takes every possible measure to avoid financial irregularities.