If you are on a journey to another country, you will need to change some of the money that you have to get on the local currency of the State. And vice versa, when we move to a level greater than that, we find that companies, governments and financial institutions are converting large amounts of money from one currency to another . Here occurs foreign exchange trading or what we call, and the relative values ​​of currencies fluctuate constantly. Therefore, traders continue to try to make a profit in the foreign exchange market by taking advantage of changes in exchange rates of these currencies.

Definition:

.Forex is the foreign exchange market where the trading of foreign currencies.

Unlike stocks or commodities that are traded in the stock market The foreign exchange market is made up of a large number of banks and financial institutions and brokers in all countries of the world

 Size of the market:

The size of this market is very large, reaching a turnover to more than $ 3 trillion a day

In 2004, the volume of $ 1.9 trillion per day, but now has risen to 3.2 trillion dollars a day

 Forex works by transferring funds via the Internet and there is a cash deal for the currency. As a result, he works over the

Each week begins with the opening of foreign exchange markets in Australia at 2200 hours (10:00 GMT) Sunday and ends at 2200 GMT on Friday with the closure of U.S. markets.