Forex Stats

In Foreign Exchange trading, your trader will inform you right information about your buying or selling about after analysis of Stats, fact and figures.

What is Forex?

Forex means Foreign Exchange which is the arena where we can trade in different commodities, Wheat, Sugar, Crude Oil, precious metal, Gold, Silver and mostly with currencies of different countries. The Forex market is the largest financial market in the world; the turnover is $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets mutually. Comparing with other financial markets, the Forex market has no physical location and no central exchange. It is a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis.

Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the Forex market to pay for goods and services.