What is Forex

What is Forex?. Foreign Exchange (Forex) is the largest market in the world, in the amount of funds transacted, and included in the transaction between large banks, central banks, currency speculators, multinational corporations, governments and financial markets along with other institutions.

Forex traders simultaneously buy one currency and sell the other and these currencies are priced and traded in pairs.

There is no physical exchange center, where the transaction occurred since Forex free trading between counterparties, as individuals, by telephone or online.

Exchange of foreign currency (foreign exchange market, forex) or abbreviated foreign exchange is a type of trade or that trade transaction currency of a country against another country's currency (the currency pair / pair) that involve major money markets in the world for 24 hours continuously.

Foreign exchange market movements spun from New Zealand and Australian markets which took place at 5:00 to 14:00 pm, continues into the Asian markets of Japan, Singapore, and Hong Kong which took place at 7:00 to 16:00 pm, to European markets of Germany and the UK which took place at 13.00 -22.00 pm, until to the U.S. market which took place at 20:30 to 10:30 pm. In a historic development, the central bank of countries with foreign currency reserves that even the biggest can be defeated by the forces of free foreign exchange market.

For Forex Trading you can do it manually (offline) and online. For online trading you can use several brokers, one of which is Marketiva.