The forex market is recognized as the largest and most liquid financial market in the world. The average daily forex transaction is now estimated at around $5.1 trillion, according to the most recent Triennial Central Bank Survey of FX and OTC derivatives markets.
Forex trading always involves a currency pair, so when you trade forex you’re effectively exchanging one currency for another. For example, if you trade long EUR/USD, you’re buying the EUR and selling the USD.
The global FX market is also known as a market that never sleeps. This is because forex markets operate on a 24-hour, 5-day cycle that operates in three major forex centers – i.e. Japan/Asia, UK/Europe and the US (North America). So, wherever you are in the world, you can trade forex almost any time of the day as long as you have access to an online trading platform and a reliable internet connection.
The costs of forex trading
Trading doesn’t have to cost a lot – with the help of leverage you can trade Forex for as little as US$10. And with our transparent pricing, you’ll always know where you stand.