Keep your finger on the pulse of the market.
Exchanges Journal - the home of Forex Trading and Currency Exchange information online
The foreign exchange market, most often referred to as Forex, is sometimes also called FX or the currency market.
Whatever name you want to give it the foreign exchange market is often mentioned as the one place where you can see perfect competition with an estimated average turnover of $3.98 trillion per day. That's a lot of money!
The foreign exchange market is different from other markets in a number of ways, namely:
- worldwide distribution
- 24 hours a day operation during the week
- number of circumstances that affect currency exchange rates
- low margins of relative profit compared with other markets of fixed income
- use of leverage to boost profit and loss margins and with respect to account size
As the globe's most liquid market Forex Traders come in many different sizes and shapes from central banks and governments to currency speculators and retail investors. Do you want to join the Forex trading crowd? Exchanges Journal is your first step towards becoming a Forex trader.