What is Forex?

Forex is a common abbreviation of Foreign Exchange (also referred to as FX) and is the largest financial market in the world with a turnover of more than $5 trillion per day. Speculators in the Forex market trade one currency for another and make a profit or loss off of this transaction.

The Forex market appeals to a wide range of financial traders because the market is open 24 hours a day, five days a week, and because the relatively limited amount of currencies makes it possible for even the most novice trader to grasp market fluctuations.

You must be 18 or older to trade in the Forex market.