Forex is a global market for currencies exchange (selling, buying), in this market, the prices are subject to the continuous change of the demands/supply in the market as well as the political and economic news. The daily trading amount exceeds 2 trillions US Dollars which weighs about ten times bigger than the amount traded in the New York’s stocks market in one day. Forex market is managed online and/or by phone and does not have an actual place for the market to trade in all deals and transaction are processed either by phone or online, this is of course through the international monetary markets. The working hours of the market change as the time zone change where the market starts on Monday at 12:00 GMT in the Australian market then the Asian markets followed by the European markets ending at 22:00 GMT with the American markets on Friday. The large and small money wallets and boxes and the solo traders are the essential elements that governs this market. Due to that a lot of broker offices compete to gain as many solo traders as possible by offering trading services through the margin system, which can reach a percentage of 1 : 500.
