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· Accessibility - The market is open 24 hours a day, 5 days a week. The FOREX is made up of about 5000 different trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange. If you're not sure just what the "FOREX" is, don't worry, you're not alone. The potential for profit exists because there is always movement between currencies. · Open Market - Currency fluctuations are usually caused by changes in national economies. Currency's rarely "crash" and thus risk is very limited. In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day. Daily exchanges are worth approximately $1. How does it work? Currencies are always traded in pairs - the US dollar against the Japanese yen, or the English pound against the euro. Now though, regulations have been changed to allow large interbank units to be broken down into smaller lots.. The market opens Monday morning Australian time and closes Friday afternoon New York time. Even though there are many huge players in FOREX, it is accessible to small investor's as well. There are safeguards built in to protect both the broker and the investor and a number of software tools exist to minimize loss. That's right, it buys and sells money! Currencies became valued at 'floating' rates determined by supply and demand.5 trillion. 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
