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The foreign exchange market is the largest financial market in the world, with over $1.5 trillion dollars changing hands daily. Unlike other financial markets, the FOREX market has no physical location and no central exchange. It operates on a 24-hour basis, spanning from one zone to another across the major financial centers on the globe.
Foreign exchange isn't different than any other investment products such as equities, commodities, bonds, notes, bills, etc. Just like these other investment alternatives, foreign exchange offers traders/investors a market where they can buy and/or sell an investment product. In this case it is a specific Currency Pair.
With opportunities to profit in bullish or bearish markets, currency trading is the fastest growing financial sector in recent years.
Several different products are available for the varying requirements of professional forex traders as well as private investors.
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