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What is Forex?


Jordan Maddison
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Hey Jordan, thanks for coming here.

Forex or Foreign Exchange Market is a place where all of the world currencies are bought, sold, or exchanged. The main participants in this market are large international banks, which have smaller representatives that trade various world currencies.

Forex is specific because of the volume of trading done in this market as investors are able to trade 24 hours a day, 7 days a week.

In 2019, it was reported that $6.6 trillion was traded daily on Forex, making it the highest-grossing revenue when it comes to the currencies.
 

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