The Foreign Exchange Market (FOREX)
Forex is an acronym for FOReign EXchange and is the worldwide cash inter-bank or inter-dealer market that uses a floating exchange rate system. Most people have never heard of Forex.
Some say that it would take the entire New York Stock Market about 3-4 months of daily trading to equal one day of trading in Forex! It's on line forex trading, and it begins with a good forex education.
Yet, it is the world's largest financial market with an estimated daily average of more than $1.5 TRILLION.
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The simple sense of Forex (Forex currency exchange, Foreign Exchange) is simultaneous purchase and sale of the currency or the exchange of one country's currency for the one of another country. The world currencies do not have a fixed exchange rate and are always fluctuating, since each are traded in the currency pairs like Euro/Dollar, Dollar/Yen and others. 85% of daily trades are taken by major currencies trading.
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Forex Trading | 2010 - Forex Currency Trading
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