What is Forex ?
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest
financial market in the world, with a daily average turnover of well over US$ 2.5 trillion -- 30 times larger than the combined volume of all U.S. equity markets.
Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business.
A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the
business day begins in each financial center, first to Tokyo, London, and New York. Unlike any
other financial market, investors can respond to currency fluctuations caused by economic, social
and political events at the time they occur - day or night. The huge number and diversity of
players involved make it difficult for even governments to control the direction of the market.
The unmatched liquidity and around-the-clock global activity make forex the ideal market for
active traders.
Traditionally the forex market was only available to larger entities trading currencies for
commercial and investment purposes through banks. Now trading platforms allow smaller
financial institutions and retail investors access to a similar level of liquidity as the major foreign exchange banks, by offering a gateway to the primary (Interbank) market.
Open a Trading account and start trading from as little as $50,
Click here to open a trading account...
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