20131003

Forex? Yeah, that is

Forex (or FX) is the largest financial world market, which records a daily turnover of more than $ 1 trillion, an amount greater than the sum of all other existing markets together. It is available for investors 24 hours a day, 5 days a week. There are about 5k institutions of all kinds as commercial companies and central banks and trading actively involved in Forex, and millions of smaller players such as brokerage firms and individual brokers.

It´s basic operation was established in 1971 and involves the simultaneous buying of one currency and selling of another. The world's currencies are traded on floating exchange rate and are always traded in pairs, for example USD / JPY or EUR / NZD. Any political movement, natural disaster, or social event constantly affects the market value of the pairs, so changes in the value and possibilities of  business are endless.


The main currency trading centers worldwide are located in Tokyo, New York and London, so that they open and close in stages according to the time zones, the market remains open 24 hours. This allows investors to respond to socio-economic changes or news affecting quotes instantly and thanks to advances in online technology is available everywhere.


 
Before the "boom" of the Internet, only biggest companies and wealthy individuals could invest in currencies on the forex market through private currency trading banks. These systems required as a minimum $ 1 million to open an account. Today, yourself can operate quietly at home from your personal notebook or smartphone even if you have only a few hundred dollars!