Foreign exchange market

The Currency Market or Foreign Exchange Market is one of the largest markets in the world. By some estimates, about $2 trillion worth of currency changes hands every day.

Currency traders obtain substantial gains by taking advantage of extreme fluctuations in currency price while using the well-known "buy lower - sell higher" principle. In comparing to other sectors of the financial world, foreign currency exchange is quite unique in that it is highly sensitive to many factors, open access to many classes of investors, high liquidity, and 24 hour access. Such day-long access to foreign exchange allows traders the luxury of dealing after normal hours or even during national holidays in their country of residence.

Learn more about market dynamics and currencies by reading about the Exchange rate.

External links

http://www.forex2u.com/forex-market-existence.html - [Forex2u.com] collection on Forex related articles.

http://www.ny.frb.org/markets/foreignex.html - Federal Reserve Bank's collection on FX related information.

Foreign Market Watch Information on foreign exchange markets.