Forex is a decentralized global market where millions of traders all around the world buy and sell currency. FX, which stands for Forex Exchange, is recently the largest and the most liquid market with a daily trading volume exceeding $5 trillion.
The need to exchange currencies is the primary reason why the Forex market is the largest, most liquid financial market in the world. The Forex market is considered an Over-the-Counter (OTC), or “interbank” market due to the fact that the entire market is electronically operated, within a network of banks, continuously over a 24-hour period.
With forex trading, it’s possible to profit despite how the market moves. This is because it involves selling one currency to buy another.
The foreign exchange market is open 24 hours a day, five days a week – from 9pm Sunday to 10pm Friday (UK time)
The FX market is the most liquid market in the world, meaning there are a large number of buyers and sellers looking to make a trade at any given time.
