Forex is the marketplace for trading all the world’s currencies and is the largest financial market in the world. It’s a decentralized market place that facilitates the buying and selling of different currencies in an agreed price.
It is an electronic network of banks, brokers, institutions, and individual traders. The vast majority of currency conversion is undertaken with the aim of earning a profit.
The forex market is the largest financial market in the world.The amount of currency converted every day can make price movements of some currencies extremely volatile.
This volatility make forex so attractive to trader. It is estimated that, on average, $7 trillion is traded each day in the world Forex Markets.