What is Forex:
Forex stands for
Foreign Exchange. The
Forex market is also referred to as FX market in short. Forex
currency trading is conducted round the clock, 5 days a week and it is the largest market in the world. Prior to 1998, the Forex market was only for large financial firms, trading companies and banks. Since 1998, the Forex market is open to everyone. The purpose of establishing a world-wide Forex market is to facilitate the trading that is the buying and selling of currency by the central government commercial banks and small investors around the globe. There are major trading centers worldwide in many cities such as London,
Frankfurt, New York, Tokyo there is no set location for this trading. It can be conducted by telephone and through the internet from every part of world.
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