David Westwood: "Because it's fun; I also run a Forex account and have over 100 instructional videos. If I am looking at a screen all day, I might as well include a second screen to watch and trade markets."
The foreign exchange market (Forex, FX, or currency market) is a global over the counter market for the trading of currencies. This market determines foreign exchange rates for every currency.
It includes buying, selling and exchanging currencies at current or determined prices.
The foreign exchange market is unique because of the following characteristics:
its huge trading volume, representing the largest asset class in the world leading to high liquidity;
its geographical dispersion;
its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
the variety of factors that affect exchange rates;
the low margins of relative profit compared with other markets of fixed income; and
the use of leverage to enhance profit and loss margins.
As such, it has been referred to as the market closest to the ideal of perfect competition, so as an Internet Marketing specialist, it is easy to see why I am interested.