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Forex (Foreign Exchange)?Foreign
Exchange (FOREX) is the arena where a nation's currency is exchanged
for that of another. The foreign exchange market is the largest
financial market in the world, with the equivalent of over $1.9
trillion changing hands daily; more than three times the aggregate
amount of the US Equity and Treasury markets combined. Unlike other
financial markets, the Forex market has no physical location and no
central exchange. It operates through a global network of banks,
corporations and individuals trading one currency for another. The
lack of a physical exchange enables the Forex market to operate on a
24-hour basis, spanning from one zone to another in all the major
financial centers.
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