Forex (FX) is a marketplace where various national currencies are traded. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders.
Many entities, from financial institutions to individual investors, have currency needs, and may also speculate on the direction of a particular pair of currencies movement. They post their orders to buy and sell currencies on the network so they can interact with other currency orders from other parties.
Forex market is unique for several reasons, mainly because of its size. Trading volume is generally very large, with average $5.1 trillion per day, according to the Bank for International Settlements. Marketplace is open 24 hours a day, five days a week, except for holidays. Currencies may still trade on a holiday if at least the country/global market is open for business.
We at TX Capital value our clients and provide them with enhanced trading opportunities: ultra-low spreads, zero fees and leverage to allow maximum gains with minimum initial capital. Trade following currency pairs at TX Capital: