The Foreign Exchange market or Forex market is the largest, worldwide market where currency is
bought and sold. Trading in the Forex market takes place 5 days a week, 24 hours a day. It is currently estimated that
4 trillion dollars are traded in the currency market every day and growing. The Forex market is estimated to trade 3 times
the volume as the stock and futures markets.
The Foreign currencies or Forex market is where one currency is bought and another currency is sold. Currency trading is done through either a Forex
broker or dealer and are traded in pairs. Because you are not buying anything physical, trading in the Forex market can be confusing.
When you purchase a country's currency, you are actually buying a share of that country's economy. Therefore, the exchange rate of a currency
versus other currencies is a reflection of the condition of that country's economy compared to the other countries' economy.
The Forex market does not have a physical location or a central exchange. Because the Forex market is run only electronically, between a network of
banks, continuously over a 24 hour period, it is considered an Over-the-Counter (OTC) or Interbank market.
or Forex market is the largest, worldwide market where currency is
bought and sold. Trading in the Forex market takes place 5 days a week, 24 hours a day. It is currently estimated that
4 trillion dollars are traded in the