What is Forex?


What is Forex?

Forex or Foreign exchange is the largest and most liquid financial market known in the world. According to Bank of International Settlement, It involves cross-country exchange of currencies with an average of $5.1 trillion per day currency trades. Foreign Exchange is not centralized and can be traded mostly through a Brokers, Dealers, Financial Institutions, Banks and Individual Retailers. The Forex market is open and can be access 24 hours and 5 days a week.

Can I trade Forex?

Definitely yes! Anyone can participate in trading in the Forex Market provided that you understand the risk of trading leveraged products where there's a big possibility of losing all of your money.

Why would I trade Forex if I can lose all my money?

Not everyone loses all of their money in Forex, If there is a big probability to lose it all, there is also a good chance to gain profit from it provided that you studied and learned the different trading strategies and methodology that will help you increase your winning rate in Forex.

In the Forex market, anyone can earn money in a short period of time. The market is open 24 hours a day and 5 days a week, it only means that we can trade anytime and anywhere we like. So what are you waiting for? Are you convinced now to start trading Forex? Go on and proceed to Forex Trading Overview to know how exactly you can earn in Forex.