Understanding Forex Series – Interesting Facts About Forex

Posted by Michael Glass on July 25, 2012 at 12:42 pm

Understanding Forex Series

Interesting Facts About Forex

The Foreign Exchange Market (Forex) is the market where currencies are actively bought and sold by banks, funds and investors. The Forex Market facilitates the conversion of one currency for another. It is the relative value of the base currency vs the value of the quote currency.

To start our video series on Understanding Forex, we have compiled a list of Interesting Facts about Forex.

* Forex market is open 24 hours a day 5.5 days a week
* The forex market is the largest market in the world
* There is no floor in the forex market. Most trades are executed electronically
* There are no commission in Forex
* Leverage in forex starts @ 50:1