What is Forex?

Lessons

The foreign exchange market is a decentralised, over-the-counter (OTC) global market. The daily volume of the Forex market surpasses $4 trillion in a day worldwide. To put this in perspective, the daily volume traded on the New York stock exchange is $25 billion; making it the largest financial market in the world. The total Forex volume is three times the total amount of the stocks and futures markets combined.

The participants of the Forex market include banks, corporations, institutional investors, hedge funds and individuals. In simpler terms, Forex trading is where you can buy and sell currencies, simultaneously. The way it works is similar to the process of currency exchange at airports or hotels where you can exchange the currency you deal with, for the local currency.

The Forex market is open 24 hours a day five days a week, enabling traders to buy and sell around the clock besides acting as global news events as they happen.

KP International Group Australia PTY LTD allows individual traders the opportunity to access currency prices that are previously only available to large institutions and wealthy individuals.