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(FOReign EXchange market) is an
international foreign exchange market,
where money is sold and bought freely. In its present condition
FOREX was launched in the 1970s, when free exchange rates
were introduced, and only the participants of the market
determine the price of one currency against the other proceeding
from supply and demand. Stock
As far as the freedom from any external control
and free competition are concerned, FOREX is a perfect
market. It is also the biggest liquid financial
market. According to various assessments, money masses in the
market constitute from 1 to 1.5 trillion US dollars a
day. (It is impossible to determine an absolutely exact
number because trading is not centralized on an
exchange.) Transactions are conducted all over the world via
telecommunications 24 hours a day from 00:00 GMT on Monday to
10:00 pm GMT on Friday. Practically in every time zone (that is, in
Frankfurt-on-Main, London, New York, Tokyo, Hong Kong,
etc.) there are dealers who will quote currencies.GFX Group SA is a Forex
broker based in Geneva, Switzerland. Our powerful and
easy-to-use software, secure trading environment, and superior
trading conditions have made GFX one of the leading Forex
dealers in the world. GFX executes over $3 billion per month
in online transactions and is recommended by many leading industry
participants.
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