The Foreign Exchange Market Explained

The Foreign Exchange (ForEx) market is the largest financial market in the world today with a volume of over $1.5 trillion dollars. The foreign exchange market is unique in that it neither has a physical location nor a central exchange, instead operating through an electronic network of banks, corporations and individual.

With trading volumes over 50 times greater than the New York Stock Exchange on a 24-hour clock, you can always be assured there will be buyers and sellers executing trades in the ForEx markets. This liquidity helps ensure price stability across the major currencies and Mercantile Exchange.