Forex (FOReign currency EXchange market) – is an
interbank currency market which major function is
providing currency exchange services between banks
throughout the world.you can trade 24 hours a day you must know that the
forex is larger than all other financial markets combined .
the forex is a group of 4500 currency trading institutions including
interbational banks , commercial companies , and government central banks.
The necessity for currency exchange is created by constantly
increasing level of international activity.
The Forex market, established in 1971, was created when floating exchange
rates began to materialize. The Forex market is not centralized, like in
currency futures or stock markets. Trading occurs over computers and
telephones at thousands of locations worldwide.
