What is the Forex?

Foreign Exchange Market

Foreign Exchange (Forex) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of an estimated $4.3 trillion changing hands daily and growing; more than six times the aggregate amount of the U.S. Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange.

It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers, Five and a half days a week.

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