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Introduction to Forex

Over the last three decades the foreign exchange market or FOREX has become the world's largest financial market, with over $2 trillion USD traded daily. The primary market for currencies is the 24-hour Interbank market. The Interbank market is open around the clock, moving from major banking centers of London to the United States to Australia and New Zealand to the Far East, and finally back to Europe and London. Until recently the Forex market has not been for the small speculator. With the large minimum transaction sizes and often-stringent financial requirements, banks, hedge funds, major currency dealers and the occasional high net-worth individual speculator were the principal participants. These large traders were able to take advantage of the many benefits offered by the foreign exchange market when compared to other markets including tremendous liquidity and the strong trending nature of the world's primary currency exchange rates.

• Largest market in the world: 2-3 Trillion dollars in daily volume.
• Currencies tend to establish strong trending movements.
• Trends are the essence of profitable trading
• Currency fundamentals are much less random and far more predictable.
• For many years the Forex market was the domain of banks and large institutions. As it has evolved and grown it has attracted other participants such as Investment funds, Brokerage Firms, Institutions and Individuals.
• The Forex market liquidity is unparalleled. When unexpected world events such as “9-11” close the major trading exchanges around the world the Foreign Exchange remains open!