Here are some basic facts to help you understand what FOREX is about.

FOREX is a spot market, where foreign currencies are traded - bought and sold for profit.

FOREX is a worldwide currency speculation arena with no centralized place for trading and exchange.

FOREX is a huge market with trillions dollars turnover a day and the largest investors are banks, hedge funds, investment companies and so on.

FOREX is open to individual retail investors – so-called Forex traders –through the services of FOREĠ brokerage companies that provide an access to the currency exchange market. They buy and sell for their clients.

FOREX is a 24 hour market that is traded every day all year round, except for holidays.

FOREX allows trading over 150 foreign currency pairs, among which the most traded are: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USDCAD and GBPJPY.

FOREX trading is based on technical (price, charts) and fundamental (news, economic events) analysis.