Forex market is global while stock market is based on a specific country. When you talk of a stock market, it is usually involves specific countries and currencies. Forex market is worldwide in its operations.
All trading in the stock is based on a country's currency. For example, to trade in Tokyo, Japan, you have to be talking of Japanese Yen. The same way, you have to trade with US dollars when trading in the New York. The forex trade is different. First it involves all the currencies of the world and the trading are usually done in pairs of currencies.
Forex commodities are currencies of countries that are being traded everyday whereas stock commodity, usually a paper asset, is based on the business and the products it produces.
The stock trading system in majority of the countries have been around for a long time, whereas Forex is relatively new, being about 30 years of age.
The amount of money traded daily in the foreign exchange market is in the trillions of dollars. The amount of money put into stock daily, even for the most advanced countries, is nowhere near the amount of dollars traded daily.
The commodity that is traded in the forex is easily liquidated, converting from one currency to another. Stocks are not so easily liquidated. By liquidation, it is meant the easy at which the commodity can be turned into cash.
The hours of stock market are specific to that country's hours of operation. For example, when the New York Exchange market is closing down, the Tokyo market might just be opening and vice versa. For Forex, hours of operation is 24 hours, 7 days a week.
The stock trading in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market
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