Why FOREX :

The Foreign Exchange market (also referred to as the Forex or FX market) is the world’s largest financial market, with an estimated $2.0 trillion changing hands every day. That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. Stock Exchange, Futures Exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions, large corporations and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting Monday in Sydney, then Tokyo, London and New York and closing Friday evening in New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.

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.Traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor, whether from news or technical events.