The term FOREX (also known as FX) refers to the Foreign Currency Exchange Market in which over 4,600 International Banks and thousands of small and large speculators participate. This worldwide market exchanges more than $3.2 TRILLION PER DAY in dozens of different currencies. In comparison, the New York Stock Exchange volume is approximately about $30 billion a day. This exciting and rapidly growing financial market provides the entrepreneur with an opportunity to generate profits in the largest market in the world.
The Foreign Exchange market is more than three times the size of the US Equity and Treasury markets combined. 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 one currency for another. The lack of a physical exchange enables the FOREX market to operate on a 24-hour basis, spanning from one zone to another across the major financial centers around the globe. It also makes it more difficult to manipulate.
So, why have so few people heard about FOREX ?
Individual investors now have the opportunity to trade the largest, most liquid financial market in the world and have the financial advantages, such as the ability to leverage, enjoyed by major institutions for years.
