What is Forex?

What is Forex?

Forex (FX) refer to the market where different currencies and their derivatives are traded there. In the trading volume exchange market is the largest liquid market in the world, along with trillions of dollars transforming hands each day. The exchange market is an electronic network of banking institutions, dealers, agents, and individual traders.  

Many organizations have money need from financial institutions for operations and maybe for speculation movement for currencies. They exchange currencies through buying and selling on the network and they interact with currencies for orders from other parties.

China surpasses the United States to become the EU’s largest trading partner, 2021

The Exchange market remained open 24 hours and 5 days a week, except Saturday and Sunday holidays.