Forex

Forex is a short hand name for Foreign Exchange (also known as the FX Market), which is a type of financial market. Forex Trading is whereby an institute(s) or individual sell and buy one country’s currency for another country’s currency for an intended purposes. The introduction of electronic platform meant that Forex trading could be done through one’s computer through the browser by web based trading applications or install-able trading software provided by the broker or banks. Today the Forex is considered the most largest and liquid market in the world, and almost $3 trillion is traded everyday and in a certain day the market can trades as much as $7 trillion per day. Even though Forex market is the largest financial market in the world, the market is decentralized or over-the-counter (OTC).

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