Forex (or sometimes just FX) is short for the English voice foreign exchange (currency exchange), and is the world’s largest financial market. It is simply the way in which individuals and companies develop a currency in another.
Forex, FX, currency, currency exchange, Forex market
Billions of dollars forex transactions happen every day, and in contrast to indexes or commodities, there is a central market. Instead, currencies are traded through a global network of banks, suppliers and brokers, which means that you can operate at any time, day or night, Monday through Friday.
Forex prices are determined from a number of factors, such as rates of interest, inflation, government policies, figures on employment and demand for imports and exports.
In addition, due to the large volume of foreign investors and the large sum of money therefore moving, price movements can happen very quickly, making that not only Forex market is the world’s largest financial market, but also one of the most volatile.