What is Forex?

Forex is short for Foreign Exchange. It's the largest financial market. Unlike the Stock market instead of company shares, in Forex, you trade currency. In Forex, you are able to buy and sell different countries’ currency from your cell phone. The Stock Market has only $200 billion in transactions daily, but in Forex there are over 5 trillion transactions daily which allows for many trading opportunities! Watch the video below for a better understanding of how the Forex Market works.