 FOREX refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market started in the 1970's, when free exchange rates and floating currencies were established. And only participants in the market decide on the rate of one currency against another, relying on the supply and demand of that currency.
Every investor has his own idea about best Forex trading. Therefore different features of FOREX trading appeal to them. However, FOREX is a unique market. And there are some reasons for this. The first one is that some investors find FOREX as the best trading market because it is one of the markets that it is devoid of external controls and that cannot be influenced.
FOREX is also the major liquid money market. And its trading is between 1 and 1.5 trillion US dollars every day. That's why, a single investor finds it impossible to considerably impact on the price of a major currency. Many investors find this market attractive and even the best. The liquidity of the market is one of the reasons why some of them think that currency trading is the best.
The variance of its participants is another rather distinguishing feature of the FOREX market that appeals to investors. The last have many reasons to enter the market. Thus some of them enter as long-term hedge investors, and the others use huge credit lines to look for large short-term benefits.
As dealings in the FOREX market are not centralized, that's why take place by means of telecommunications. Remember that FOREX trading is open 24 hours a day from Sunday to Friday afternoon.
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