What is Forex ?
The foreign exchange market (Forex, FX, or currency market) is a worldwide decentralised over-the-counter financial market for the trading of currencies. The FX market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements.