The Foreign Exchange Market or Forex, as it is commonly referred to, is the largest and most liquid financial market in the world. The market is anchored by governments, speculators, central banks, Banking corporations, retail investors, and other financial institutions. It is estimated that nearly $4 trillion is traded daily in the global foreign exchange markets, making this several times larger than all of the US stock exchanges combined.
The value of one country's currency is constantly changing against the value of another country's currency. Forex traders make their money through buying and selling currency pairs, buying one currency while selling the other assuming that one currency price will increase as the other decreases. Since the Forex market operates 24 hours a day and it has the largest online presence of any financial market, it is incredibly accessible to the average trader.
Online Forex brokers offer their clients an easy way to access this market. When trading in Forex, most average investors use leverage provided by their broker to purchase large quantities of currency using much smaller amounts of capital. This allows the trader to target tiny fluctuations in currency prices which can result in huge profits on his minimal investment.
Accessibility combined with enormous earning potential has made Forex one of the most exciting and lucrative enterprises in the world!