Forex is a common abbreviation of Foreign Exchange (also referred to as FX) and is the largest financial market in the world with a turnover of more than $5 trillion per day. Speculators in the Forex market trade one currency for another and make a profit or loss off of this transaction.

The Forex market appeals to a wide range of financial traders because the market is open 24 hours a day, five days a week, and because the relatively limited amount of currencies makes it possible for even the most novice trader to grasp market fluctuations.