What is Forex trading and Forex Market?
Forex trading is the buying and selling of currencies from around the world with the intention of making profits. The Forex market is the largest trading market with over $5 trillion in daily turnover and highly liquid financial market, operating 24 hours a day, five days a week and traded online with constantly varying prices. Exchange rates fluctuate and change constantly due to the dynamic market forces of supply and demand. A key highlight of the forex market is that there is no central marketplace or exchange in a central location, as all trading is done electronically via computer networks. Banks, private businesses, investment agencies, investors and retail traders, all speculate and trade with national currencies on the foreign exchange market.