What is forex trading
The Foreign Exchange Market (commonly called FX market) is the largest financial market in the world, the daily turnover of which is more than $ 1.5 trillion. This exceeds the total turnover of all U.S. stock exchanges and securities markets!
Unlike other financial markets, which are localized in certain areas (so-called stock exchanges), the global foreign exchange market has no its central site. It is a worldwide electronic network of banks, financial institutions and individual traders, offering a purchase and sale of foreign currency. Another important feature of this market is that it works 24 hours a day, according to the opening and closing of financial centers in various countries around the world, starting every day from Sydney, then Tokyo, London and New York. At any time, anywhere there are buyers and sellers, who make the currency market the most liquid market of all world markets.
Whether you realize it or not, but you have already played a role in this market. The simple fact that you have anywhere money - in your pocket, on your bank account or payment card - of a "foreign" country, makes you a participant in this market, more likely - a market of U.S. dollars. Buying U.S. stocks, bonds or other investment funds, as well as having dollar deposits in banks constitute investments that fully rely on the cost denominated in U.S. dollars. As a result of changes in the value of the dollar and exchange rate fluctuations, the value of your investments may change, affecting your financial status. No wonder, many investors are benefiting from fluctuations in currency prices, using volatility of the forex market as a way to increase their capital. Historically, only banks had access to the forex market and other large financial institutions. Over the years, however, the market has become accessible to almost everyone, from banks to money-managers and to individual traders with individual accounts. Now more than ever, there comes a favorable time to take part in this market.
Currency Charts