What is Forex?
Many people haven't heard of Forex yet, or if they have, they were not too curious about what it means. The name comes from Foreign Currency Exchange, or the exchange rate.
Everyone can participate in the Forex business intentionally, speculative or unintentionally. For example, whenever someone receives any foreign currency from another one who works in a different country and then he changes in his local currency, he practically participates in Forex unintentionally.
Whenever a company wants to export or import something, that company becomes part of this activity. All participants in the domestic foreign exchange, national and international outline the marketplace!
Forex is the largest and most democratic market in the world, where anyone can participate. The daily trading forms a volume between 3 and 5 billion dollars in equivalent currencies.
The biggest share in Forex trading is represented by the American Dollar – USD, the European Union's Euro – EUR, The British Pound of Great Britain – GBP and by the Japanese yen – JPY.