What is Forex?

Foreign Exchange, also known as Forex or FX, is a 24/6 market of selling and buying different currencies. The forex market is known to be the biggest market, trading in an excess of +$4 trillion dollars a day. In any given moment the price of a currency fluctates due to many different reasons. As a trader, one would look for opportunities to make money by selling and buying specific pairs of currencies and profit off the difference. Forex is heavily based on macroeconomics and requires fast and calculated judgments to speculate in the ever so changing market. The entire economy of the world relies on the FX market and it truly defines the adage: “Money never sleeps.”

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