What is the Foreign Exchange Market
The foreign exchange market also know as FOREX is where different currencies are traded for one another.

It is the biggest financial market in the world, many economist say it is close to a perfect market of competition , which means no one has an unfair advantage . ( However Forex robots like Fap Turbo are currently out performing human traders )

The Traders

There are many traders in the market they include , currency speculators, banks, central banks, governments, multinational corporations, and other financial organizations.Of course Forex robots are also traders but they trade on behalf of humans .

Foreign Exchange Market

The foreign exchange market or the forex market is characterized by:

Diverse range of traders from around the world
3 Trillion trading volume
24 hour world wide trading
Global Market
Liquid market

Over 3 Trillion dollars is traded every day on the FOREX market which is open 24 hours a day. The global nature of the FOREX market encourages traders around the world to profit from the currency market . Internet and automated trading by robots like Fap Turbo widen the reach of Forex Trading even further than before . in fact even people with little or no knowledge can make money from the FOREX market using automated FOREX trading software robots.

The liquid market of FOREX , gives it more flexibility than the stock market which is currently suffering due to the world recession . FOREX on the other hand generates wealth in any finical climate as currency always rise and fall , so you make a profit on the rise or the fall.

The main feature of this market is that there is no central marketplace for the trade of foreign exchange. As such, the trade is carried out OTC or ‘Over The Counter’.

The Top 5 currencies traded in the foreign exchange market:

* United States Dollar (USD)
* Eurozone Euro (EUR)
* Japanese Yen (JPY)
* British Pound Sterling (GBP)
* Swiss Franc (CHF)

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