What is Forex?

Forex – is an international foreign exchange market (shorten form from "Foreign Exchange"). The history of this market started in 1971 when the transfer from the fixed rates of the national currencies to the market, floating rates was implemented. The Forex market operates every day, 24 hours a day (except weekends and some holidays). The deals on currency exchange (conversional deals) are concluded at Forex remotely by millions of participants who physically are in other countries of the world. This is one of the main differences of the Forex market from other markets which have a distinct place for concluding deals. Read more...