What is Forex?

Submitted by nicolebobbin on Sun, 2006-08-27 11:18. Forex

The Foreign Exchange, also referred to as the “FOREX” or “Forex” or “FX” or “Spot FX” market is the largest financial market in the world, with a volume over $1.95 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you see how giant the Foreign Exchange really is. It’s actually more than three times the total amount of the stocks and futures markets combined!