What is FOREX?
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What is FOREX?

FOREX is the largest and most liquid financial market in the world, referred to as the market closest to the ideal, perfect competition.

The word FOREX stands for the foreign exchange market, also known as currency or FX market.

FOREX is an electronic network used by banks, central banks, currency speculators (like you, if you start trading), multinational corporations, governments, and other financial markets and institutions to execute foreign exchange transactions.

The foreign exchange market is unique because of:
  • its trading volumes,
  • the extreme liquidity of the market,
  • the large number and variety of traders in the market,
  • its geographical dispersion,
  • its long trading hours: 24 hours a day except on weekends (from 3pm EST Sunday until 4pm EST Friday),
  • the variety of factors that affect exchange rates,
  • the low margins of profit compared to other markets of fixed income (but profits can be high due to very large trading volumes)
  • the use of leverage

Please note!
Trading foreign exchange (FOREX) on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should not invest money that you cannot afford to lose.