The Foreign Exchange market, also referred to as the "FOREX" or "FX" market, is the largest financial market in the world, with a daily average turnover of well over US$1.5 trillion.
About 5% of daily turnover comes from companies and governments that buy or sell products and services in a foreign country or need to convert profits generated in foreign currencies into domestic currency. The other 95% is speculation.
Unlike other financial markets, the Forex market has no physical location and no central exchange. Transactions are conducted between two counterparts over the telephone or via an electronic network.
The lack of a physical exchange enables the FOREX market to operate on a 24-hour basis, spanning one zone of the world to another and covering all major financial centers.
Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events instantly as they occur.
investorseurope offers direct access to the Forex trading for private and institutional clients over the phone or via our online trading platforms. For further information please contact us or click directly on the different platforms.
