More and more investors are beginning to discover and start trading on the FOREX, which stands for Foreign Currency Exchange. Forex trading was once available only to the large banks, multinational corporations, governments, and other financial markets and institutions, however, it was de-regulated in 1997, and now anyone may participate. The FOREX market is open 24 hours a day, except…
The Forex (Foreign Exchange Market) exists because multi-national corporations and nations need to buy and sell goods/services from outside sources. To do that, they need to exchange their home currency with that of other nations. As you know, not all currencies have the same buying power, so nations, banks, and corporations exchange their money with one another just as tourists…