Trading Articles

What Is Forex?  $1.5 Trillion A Day Market

FOREX stands for Foreign Exchange Market, a currency trading market where individuals, organizations, and banks buy and sell foreign currency from around the world. Major currencies traded on the FOREX market, are the Euro (EUR), Japanese yen (JPY), British Pound (GBP), and Swiss Franc (CHF). All of them are traded against the US dollar (USD). The FOREX market prices of currency are calculated strictly on a supply and demand basis, where the participants of the FOREX market activity cause the price changes in world currency rates. The FOREX foreign exchange trading market is significantly larger than all the world securities indices combined in terms of capital changing hands daily. The Foreign Exchange Market was founded in the 1970's. The Foreign Exchange Market is run for 24 hours a day starting at 00:00 GMT on Monday, and closing 22:00 GMT on Friday. The Foreign Exchange market has been said to be the most liquid of all currency markets, as it claims the most participants in currency trading of any market, it is open all day on every business day, and anyone can get involved, even investors with relatively very small initial capital investment. The FOREX market deals with anywhere from 1 to almost 2 trillion dollars a day by some experts calculations. FOREX trading, what was once limited to large capital banks, is now available to the entire world. To get started FOREX trading, or to learn more, visit our Homepage.