Overview

Overview

what-is-forex-overview_img1_new

What is Forex?

The forex or FX market, which is short for the foreign exchange market, is the place in which individuals, companies and governments all trade different currencies with one another. Put simply, the forex market is the marketplace where money is bought and sold.

Open 24 hours a day and 5 days a week, unlike stock or bond markets, the forex market doesn’t close at the end of each day. Instead, trading just shifts to different financial centres around the world. The day starts with the Sydney session and moves to Tokyo, London, Frankfurt and finally New York before it is time for Sydney to do it all over again!

what-is-forex-overview_img2

When compared to various stock, commodities and bond markets worldwide, the forex market is by FAR the biggest financial market in the world. The NYSE sees an average of $22.4 billion per day in volume traded, while the London Stock Exchange sees an average day turn over $7.2 billion in volume traded.

They sound like big numbers, don’t they? Well the forex market does an absolutely massive $5.3 TRILLION, monstering them all in comparison!

The most appealing thing about trading forex is just how accessible it is to trade for regular people like you! Known as ‘retail traders’, these are the people trading the forex market from their own homes with nothing more than a computer, a connection to the internet and their own personal trading account with a forex broker such as Vantage FX.

Can you make it trading forex alongside companies, governments and central banks?
Open a demo account with Vantage FX.

Fast & Easy Account Opening Start Now!



  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!

Vantage International Group Limited is regulated by CIMA.

Important

You may prefer to apply for an account with our Australian Regulated Entity – Vantage Global Prime Pty Ltd.
Vantage Global Prime Pty Ltd – an ASIC regulated entity offers additional regulatory protections and safeguards that will not apply when opening account under our Cayman Islands regulated entity. These safeguards include restricted leverage, negative balance protection, a mandatory 50% margin close out rule, client money protection under ASIC Client Money Reporting Rules 2017 and access to an external dispute resolution body – the Australian Financial Complaints Authority (AFCA). Click here to open an account with Vantage Global Prime Pty Ltd.
Alternatively, you can continue with your current application under our CIMA regulated entity.

CONTINUE