What is Forex?

Nikolay Lazarenko
Nikolay Lazarenko
March 21, 2013
What is Forex?

Now in the media they talk a lot about Forex, but few people know what Forex is. Forex is an international over-the-counter currency exchange market (from English): Foreign Exchange Operations (Forex). The main difference between Forex and a number of other markets is the lack of trading places. Trading on Forex is provided by the global information space, where there are provided quotes, news, bankers' comments, opportunities for technical analysis, and forecasts.

Transactions are carried out through the Internet, telephones and other means of communication. Information exchange and admission to trading of private persons are carried out by intermediary companies: forex brokers and a dealing center. The Forex market is a way to make a profit through speculation in the financial market. Trading via the Internet does not guarantee you a stable income - this is a business with inevitable risks.