What is Forex?
Have you ever wondered what is the biggest financial market in the globe? The first transactions featuring gold coins trace back to the 6th century BCE. Today the Foreign Exchange market is a fully online, terminal-based system, also known as Forex or FX
As of 2023, Forex operates as an over-the-counter (OTC) market with a daily trading volume of $7.5 trillion, more than all other markets combined. Here, market participants can purchase, sell, invest, trade, and speculate on the fluctuating exchange rates between different currency pairs.
Global financial markets comparison by daily trading volume (2023, $ trillion)
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