FX or Foreign Exchange is the world’s largest financial market. FX is the exchange of one currency for another. The Forex market is open 24 hours a day, from Sunday through Friday. Nearly £3 trillion worth of currencies are traded each day.
FX is popular with individual traders due to its accessibility and its simplicity relative to other markets. You can trade FX in an online account from almost anywhere in the world. FX traders buy or sell a currency hoping that it will rise or fall against the value of another in order to profit from the difference in price. Forex traders have frequent opportunities to take advantage of price fluctuations due to the high volumes of trade activity and the many buyers and sellers in the market. In FX prices are affected by macroeconomic, for example, a decision made by a central bank makes speculating on market prices relatively straightforward compared to the equities market. In forex you simply need to evaluate whether one country’s currency will be worth more or less than the currency of another.
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