The foreign exchange (currency or forex or FX) is currently today's largest market. The average daily trade in the global forex and related markets currently is over US$ 3 trillion compared to the New York Stock Exchange's (NYSE) daily transaction volume of $20 billion.. This market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion.
Stock Exchanges' transactions are done on a central physical building while Forex Trading is done via phone or on the internet that's why it is much preffered my many.. Many think that there's are no reasons behind the movement of currency prices, but there are.. It could be the economic condition of the country being represented, political condition and even rumors (holy****) ! .... Players play big roll in the game especially those with huge fund like the Central Banks, Commercial Banks and Companies.. Minor players are the Investment Management Firms and Retail Forex Brokers and are usually subject to scam.
Currency Trading is a very risky investment but even the must conservative banks do it, they earned, AND SO CAN WE...
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