Final answer:
The correct answer is C. The incorrect statement is that in the foreign exchange market, you can choose from thousands of products to trade. Forex involves trading currency pairs, not a wide range of products, and is highly influenced by global economic factors.
Step-by-step explanation:
The incorrect statement about the foreign exchange market among the options given is "In foreign exchange market, you can choose your products that you want to trade from thousands of selections." In reality, the foreign exchange market deals primarily with currency pairs and not thousands of tradable products as you would find in the stock market.
The foreign exchange market, also known as Forex or FX, is indeed one of the fastest growing markets in the world. Currency trading involves buying one currency while selling another, dealing with pairs such as USD/EUR or JPY/GBP, with the aim to profit from fluctuations in exchange rates, following the principle of buying low and selling high. Contrary to trading thousands of products, the focus is on currency pairs correlating to economies worldwide, influenced by factors such as interest rates, trade flows, tourism, economic strength, and geopolitical risk.
Additionally, with modern technology, you can indeed trade on the foreign exchange market using mobile phones or tablets, which makes this market highly accessible to traders around the globe.