A lot of people have shown interest in the Foreign Exchange Market or Forex exchange because of this fact: that each day, an estimated $3 trillion worth of currencies are traded all over the world. And this number is continuously growing and is expected to reach the $4 trillion mark soon. Since the Foreign Exchange Market is the most liquid and volatile market there is, it has attracted almost every types of traders from large financial institutions such as banks and trading firms, to even individuals who would like to take part in the prospects of such an active market.

The Forex exchange is the largest market in the world, both in the amount of money being traded and the number of traders participating in the trades. The Foreign Exchange Market is often considered unique because of the following characteristics: the high volume of trades conducted each day, the length of time of the trading hours which is 24 hours which is comparably much longer than the other markets, the high liquidity of the Forex exchange, the variety of factors that affect the exchanges or trades, and also the global scope of the market.