It is a non-stop cash market where you speculate on changes in exchange rates of foreign currencies. Forex operates through a global network of banks, corporations and individuals trading one currency for another but has no physical location and no central exchange not just like other financial markets. Forex School taught that the foreign exchange market began in the 1970’s when free exchange rates and floating currencies were introduced. Before retail investors can access the foreign exchange market through banks that transacted large amounts of currencies for commercial and investment purposes. After exchange rates were allowed to float freely in 1971, trading volume has increased rapidly over period of time. Forex market has the following characteristics.
First, Forex is a very liquid market because there are always ready and willing buyers and sellers for the currency you want to trade. With this characteristic it gives us the ability to quickly buy or sell a particular item. Read more articles in this site for more forex guide and get started investing in Forex. Discover a wide range of trading benefits and make your trading experience a more enjoyable and successful one. Watch our step by step video presentation.