Forex (Foreign Exchange market) – the global inter-bank currency market. A collection of various foreign currency buying and selling operations. It reflect the international, political and economic realities, trends, needs and changing conditions. The main Forex participants are “Market makers”. Banks, multinational companies, financial institutions, large speculators, large-scale exchange trades, and small investors or traders.
The Foreign Exchange market began to emerge in 1971, when the Bretton-Woods exchange rate regulation system ceased to exist and went from fixed to floating exchange rates.
The market operates around the clock, five days a week. The daily turnover of this market is several times ten times the monthly turnover of all US stock exchanges, and in 2013, In April, the BIS (Bank of International Settlement) recorded a record turnover of $ 5.3 trillion (2010: $ 4.0 trillion, $ 3.3 trillion in 2007).