Some informations about it
Foreign Exchange Trading describes trading in the many currencies of the world. It is the largest and least regulated market providing the greatest liquidity to investors. Daily volume in the currency markets is around $1.5 trillion. By comparison, the NYSE daily volume averages $25 billion a day.
The spot forex market is the most liquid. Spot, meaning that trades are settled within two banking days. There is no central exchange of physical location. Trading takes place over-the-counter, 24-hours a day directly between the two parties of a trade over the telephone and electronically.
Participants in forex include central banks, corporations, individual investors and speculators, and hedge funds. With the advent of electronic trading platforms, self-directed investors and smaller financial firms now have access to the same liquidity as larger market participants.
When trading currencies, the trade is always done in pairs - currency Pair. One currency is bought and the other sold. For example, you buy Euros with Dollars, anticipating, the Euro to increase in value relative to the Dollar. If the Euro rises relative to the Dollar, you sell the position and have made a profit.
Most Commonly Traded Currencies (Majors):
US Dollar (USD)
Japanese Yen (JPY)
British Pound (GBP)
Canadian Dollar (CAD)
Australian Dollar (AUD)
Swiss Franc (CHF)
Commonly Traded Currency Pairs:
US Dollar and the Japanese Yen (USD/JPY)
Euro and US Dollar (EUR/USD)
US Dollar and Swiss franc (USD/CHF)
British Pound and US Dollar (GBP/USD)
Our traders are actually the bests to make huge profits on this open market, that's why we wanted to see it further more. Our final aim is to become a huge fund where everyone could make their money working for them, instead of them working for the money.