Forex Market
The forex market is also commonly referred to as FX, currency market, or foreign exchange market.Forex trading is the act of exchanging one currency for another.One unique aspect of the Forex market is the manner in which prices are quoted. Because currencies are the basis of the financial system, the only way to quote a currency is by using other currencies. It is the only truly continuous and nonstop trading market in the world. The foreign exchange market, or forex (FX) for short, is a decentralized marketplace that facilitates the buying and selling of different currencies and it allows traders for 24/5 trading in currency pairs, making it the world's largest and most liquid asset market. Unlike stocks, futures, or options, currency trading does not take place on a regulated exchange, and it is not controlled by any central governing body.
The value of Forex trading is at around $5 - $8 trillion per day, a figure that far outstrips the value of all stock market trading in the world.Currency trading is speculating on the relative value of one country’s currency versus another. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk. However, success can be found with enough of the right education, practice, and experience.