Forex Market

Forex is the short form for "Foreign Exchange". Forex Market is a worldwide market where traders buy, sell, exchange and speculate on currencies. Its a 24 hour market, where traders invest in foreign currencies. Traders buy foreign currencies at lower prices, they gain profit and sell at a higher price to buy another one at lower price. This buying and selling goes on for 24 hours round the world.



With the current advent of Information Technology, forex trading has become more and more popular and accessible to the traders, from any part of the world. There are some "Major" currency pairs, for which most of the trading is done:

Euro/ U.S. Dollar
US Dollar/ Japanese Yen
US Dollar/ Swiss Franc
US Dollar/ British Pound

As per popular saying "No risk no gain", Foreign Exchange trading carries high level of risk, with windfall gains. The results can be against your expectations, so before investing you should study market scenario minutely and seek advice from an independent financial advisor if you have any doubts. With the possibility of loss you should know how much you can afford to lose and therefore invest accordingly.