- Forex trading or foreign exchange trading includes all aspects of buying, selling and exchanging at current or determined prices.
- It is by far the biggest market in the world in terms of volume of trade. The Bank of International Settlements estimates that the forex market was worth US$ 5.3 trillion per day in 2013.
- The foreign exchange market is unique because of the following characteristics:
- its huge trading volume represents the largest asset class in the world leading to high liquidity
- its continuous operation: 24 hours a day except weekends
- the variety of factors that affect exchange rates
- the low margins of relative profit compared with other markets of fixed income
