What is Forex?

The Foreign Exchange Market is referred to as the "FOREX". Since 1999, Forex has been available to the retail traders. The Forex market is the world's largest financial market with an average volume of $3.2 trillion a day. If you compare that to the $50 billion traded daily by the New York Stock Exchange you can easily see how enormous Forex really is.

"Foreign Exchange" is the simultaneous buying of one currency and selling another. Currencies are traded in pairs, for example Euro/US Dollar.

There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit or speculation.

Foreign Exchange is a true 24-hour market / 5 days a week, from Monday to Friday. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur.

In the off-exchange, also called the over-the-counter market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction.

Why trade Forex?

In some ways, Forex is very similar to other financial markets. For example, Forex is traded with recognizable patterns and clearly-defined technical applications, comparable to those found in stock trading.

But the real advantages of Forex trading are obvious in the market's unique features. Forex attracts so much investors' interest due to the many advantages not found in other financial markets, such as:

• 24 hour trading
• Superior liquidity
• High leverage
• Low transaction cost
• Profit in rising and falling markets

What is the key for trading success?

We believe it is professional training. Elite Financial Training Center FZ-LLC, offers in-depth educational courses in the following areas: