The Foreign Exchange market, also referred to as the Forex, or FX Market, is the largest liquid market in the world with over 1.9 trillion dollars changing hands daily. It is larger than the combined daily volume of the New York Stock Exchange, the equities market and the futures market.
Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through an electronic network of banks, corporations, institutional investors, and individuals trading onecurrency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another, across the major financial centers around the world. It is so large that no one, not even the major banks can manipulate the market. This ensures the highest level of transparency possible.
Until recently, large international banks dominated the FX market, only allowing access via telephone trading to major corporations, large funds, and high net worth individuals. This little known, underexposed, foreign exchange currency market can now be traded online and is available to the general public with a minimal capital investment of $300. Individual investors now have the opportunity to trade in the largest and most liquid financial market in the world.
