What is Forex? It is the short form of Foreign Exchange. It is the simultaneous buying of one currency and selling of another. They are executed in pairs, for example, the Euro dollar and the US dollar (EUR/USD) or US dollar and Japanese Yen (USD/JPY).
Foreign Exchange market is the largest financial market in the world, believe to have a daily volume of over $1.95 trillion. It is more than 3 times the total amount of the stocks and futures markets combined.
FOREX spot market doesnt have a physical location or a central exchange, it operates through an electronic network of banks, corporations and individuals trading for one currency with another. It basically operates 24 hours a day, 5 and 1/2 days a week.
In todays market, there's a ncreasing population about currencies trading, since now it is easily available for individual trader out there. And it has created exciting opportunities and new profit potentials besides trading stocks and shares. Forex Market offers great potential for profitable trading in any market condition or any stage of the business cycle.
But Forex trading also deemed as one of the riskiest trading instrument available, because of its margin leverage and fluctuation of the currencies. Those who are interested to learn more about Forex trading, i recommend you start off with a demo account and start getting a hold of it first before you play with the real money.
I have put up some relevant link and forex brokers link here for your reference. You can browse through the pages and learn more about Forex Trading.
* Disclaimer: Forex trading is not suitable for all investor, boys please stay out of it ! *
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