What is the Forex?
Foreign Exchange is the simultaneous buying of one currency and selling of another (the world’s currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen). The Foreign Currency Exchange Market, also referred to as the “Forex” or just “FX,” is the largest financial market in the world, although there is no centralized location for trading activity. With a daily average turnover of as much as $2 trillion USD , it is the largest legal cash flow industry in the world — a cash inter-bank or inter-dealer market in which over 4,600 International Banks and thousands of small and large speculators participate. It is one of the oldest markets in existence. This exciting and rapidly growing financial market provides the entrepreneur an opportunity to generate profits in the fastest growing industry and the largest market on Earth.
