Category: FOREX Fundamentals For Newbies

What Is Forex? The Very Basics Of Forex Markets

The FOREX (currency) market is the biggest and the most liquid financial market in the world. Its name comes from FOReign EXchange and it’s actually the place where people and institutions from all around the world exchange currencies. It’s so big that more than the worth of $5 000 000 000 000 (5 trillion US dollars) are traded every single day there. This number is huge, having in mind that all the services and goods traded in the United States for a year are around $17 trillion. Just for a little more than 3 days the FOREX market beats the...