What is forex & how does it work?

A Beginner’s Guide - BabyPips.com Forex, also known as foreign exchange or FX is the global market where currencies are traded. It's the largest financial market in the world. Forex, also known as foreign exchange or FX is the global market where currencies are traded. It's the largest financial market in the world.

Is Forex a good investment?

Forex is an exceptionally liquid and volatile market, and it’s reacting all the time. This makes it especially attractive to day traders looking for short-term wins. Unlike stocks which use exchanges such as the New York Stock Exchange, forex is traded by a decentralized global network of banks. You can trade forex 24 hours a day, 5 days a week.

What is a world forex market?

An interesting aspect of world forex markets is that no physical buildings function as trading venues. Instead, it is a series of connected trading terminals and computer networks. Market participants are institutions, investment banks, commercial banks, and retail investors from around the world. Who Trades on It?

How much money does Forex trade a day?

What is Forex? The foreign exchange market – also known as forex or the FX market – is the world’s most traded market, with turnover of $7.5 trillion per day.* To put this into perspective, the US stock market trades around $553 billion a day; quite a large sum, but only a fraction of what forex trades.**