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The Foreign Exchange Market - better known as FOREX - is a world wide market for buying and selling currencies. The potential for profit exists because there is always movement between currencies. That's right, it buys and sells money! Currencies became valued at 'floating' rates determined by supply and demand. Currency's rarely "crash" and thus risk is very limited. · Open Market - Currency fluctuations are usually caused by changes in national economies. Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' - loans extended for trading. Now though, regulations have been changed to allow large interbank units to be broken down into smaller lots. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market. International banks are continuously providing bid and ask offers and the high number of transactions each day means there is always a buyer or a seller for any currency.5 trillion. FOREX is traded everywhere - major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt, and all trading is by telephone or over the Internet. Previously, there were high minimum transaction sizes and traders
