The Foreign Exchange market, also referred to as Forex, is the largest financial market in the world, with a volume of about $2 trillion a day. It was established in 1971 with the abolishment of fixed currency exchanges. Any person, firm, or country may participate in this market. If you compare its trading volume to that of the New York Stock Exchange, it is about 80 times bigger.Friday, January 9, 2009
iWhat is Forex?The Foreign Exchange market, also referred to as Forex, is the largest financial market in the world, with a volume of about $2 trillion a day. It was established in 1971 with the abolishment of fixed currency exchanges. Any person, firm, or country may participate in this market. If you compare its trading volume to that of the New York Stock Exchange, it is about 80 times bigger.
The Foreign Exchange market, also referred to as Forex, is the largest financial market in the world, with a volume of about $2 trillion a day. It was established in 1971 with the abolishment of fixed currency exchanges. Any person, firm, or country may participate in this market. If you compare its trading volume to that of the New York Stock Exchange, it is about 80 times bigger.
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