Forex

Forex is an interbank market that was created in 1971 when international trade transitioned from fixed to floating exchange rates. Since then the rates of currencies relative to each other are determined by the most obvious means which is the exchange at a mutually agreed rate.

This market surpasses the others in its volume. For example, the daily turnover of world securities market is estimated at $300 billion, while Forex approaches 1 to 3 TRILLION US dollars in the same amount of time.

However, Forex is not a market in a traditional sense. It doesn't have a fixed location of the trading floor as, for example, futures market does. The trading is done over the telephone and at the computer terminals in hundreds of banks around the world simultaneously

The currency exchange rates are not identical all over the world. For example the exchange rate of USD to Yen is not the same in USA as in Japan. If only you could be
in two places at the same time, you could make a fortune by exploiting this difference.And if you could apply derivatives to the currency exchanges rates, your earnings would
go beyond the wildest expectations. But how can this be accomplished?Fortunately, in the Internet age that we are living in, there is FOREX – an international currency market that operates round the clock, for 365 days a year. FOREX has on-line offices where you can buy and sell currencies whenever you want. You can buy futures contracts and options for currency pairs (such as, for example, USD/GBP) when people
who earn their living by selling products are already asleep. They will open their store the next day at 8 a.m. and will close it at 6 p.m. You will gain an advantage of at least
14 hours, which is more than half a day! Exploiting the fact that the process of trading on FOREX is fully automated, the decision about a particular transaction can be made by specialized analytic software. You can spend your time sunbathing on a beach while your $20 grows into thousands just by itself! It is FOREX that is used by investment banks to multiply their (and their clients’)money.