Forex trading refers to a type of investment trading where currencies are bought and sold in a global electronic market place called Forex market. Forex, which is the short for foreign exchange, is also called FX. Today, foreign exchange trading is one of the most exciting and fast-paced financial investing tools around
Forex, also known as FX, is the acronym for foreign exchange. Forex market is the place where buyers and sellers gather to trade currencies 24 hours a day and 5 days a week (some markets are open on Saturdays).
The Forex markets are the biggest financial market in the world with a daily turnover of over $4 trillion. The Forex markets are open virtually all of the time, thanks to the different time zones across the world.
The foreign exchange market continues to be the largest market in the world. Every time, goods or services are changing hands, currencies keep changing hands. When goods or services are being exchanged between nations, then, the currency of one country is being exchanged for another.