Intro to Investing

What is Forex?

The forex exchange market – also known as the currency market, FX or the FX market – is the world’s most traded market, with over $5.1 trillion traded every day*.

 

When you compare this to the U.S. stock market which trades around $226 billion a day, is only a fraction of what the forex market trades.

Forex market is open 24 hours a day, 5 days a week and has participants from banks, institutions, and individual traders from across the world.

How forex trading works

Trading Forex involves the buying of one currency and at the same time selling another. Investors and traders are attempting to profit by buying and selling currencies by actively speculating on the direction of the currencies in the future.

World’s Major Currencies

CountrySymbolCountrySymbol
United StatesUSDSwitzerlandCHF
EurozoneEURCanadaCAD
JapanJPYAustraliaAUD
Great BritainGBPNew ZealandNZD

Want to learn more about investing in Forex?

Click getting started to begin to invest in Forex and we will help you make your first investments and outline goals for your future.