Description:

Have you ever exchanged currencies at a bank? That’s forex! It’s the act of trading one currency for another. There is no central exchange and today most trades are placed online. The FX market is open 24/5, meaning you can trade around the clock. It’s not just everyday people that trade forex. In fact, some of the biggest traders include international governments and central banks, who use forex to manage money supply and make changes to monetary policy.