What is Forex?
Forex is also professionally known as FX or FRX, which is an abbreviation for Foreign Exchange. It is the official trading market where one can exchange one currency for another across the globe. The Forex market is open 24 hours a day, five days a week. Therefore, trading opportunities can present themselves at any time.
Forex, on average, trades over $5 trillion every single day. It is, without a doubt, the largest and most liquid market in the entire world.
Trading in Forex allows you to speculate on price movement within the global currency market, regardless of whether prices are going up or down.