What Is Forex
Forex or FX is short for the Foreign Exchange Currency Market – an over the counter (decentralized) market where all world currencies are traded.
The forex market is the largest, most liquid market in the world with an average traded volume that exceeds $3.9 trillion per day and is open 24 hours a day except on weekends. Unlike other markets, the forex market allows for the use of high leverage. Because of these factors, the forex market is considered to be the market that is closest to being perfectly competitive.
The forex market is the largest, most liquid market in the world with an average traded volume that exceeds $3.9 trillion per day and is open 24 hours a day except on weekends. Unlike other markets, the forex market allows for the use of high leverage. Because of these factors, the forex market is considered to be the market that is closest to being perfectly competitive.