What are the benefits of forex trading?

The best forex traders will use all available resources to be successful, including time-tested trading strategies, real-time information on markets, as well as new developments from other successful forex investors. There are many benefits to forex trading, but to uncover them you first need to understand what is forex trading.

Is the forex market active at any time?

As such, the forex market can be highly active at any time, with price quotes changing constantly. You’ll often see the terms FX, forex, foreign exchange market, and currency market. These terms are synonymous, and all refer to the forex market. How Does the Forex Market Work?

What is a foreign exchange (forex) market?

The foreign exchange (forex) market is the largest financial market in the world and is made up of banks, commercial companies, central banks, investment management firms, hedge funds, retail forex brokers, and investors. 1

What does a forex broker do?

Forex brokers act as market makers as well and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market. The forex market is made up of two levels—the interbank market and the over-the-counter (OTC) market.