 |
I - T R A D E F X |
What Is Forex? |
Foreign Exchange (FOREX)
Is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than the aggregate amount of the US Equity and Treasury markets combined.
Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers, 5 1/2 days a week.
For more background about the Foreign Exchange market, review the Federal Reserve Banks’ “All about the Foreign Exchange Markets in the United States”.
| Sign-up today and become familiar with iTradeFX dealing platform, view our dealing rates, charts, news and test your trading strategies Risk Free. Sign up for Free Practice Account. |  |
