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Forex Education
by ForexNewsNow Team on September 15, 2010

Currency forex market: What is the currency forex market?

forex key concept moneyNEW YORK (Forex News Now) – The currency forex market is the market in which currencies are bought and sold against one another 24 hours a day, 5 days a week.

The currency forex market runs through financial centers worldwide that function as anchors for currency market trading.

Large multinational corporations and financial groups are deeply involved in the currency forex market; however, there is also a growing number of retail FX traders who trade on the currency forex market, often from their own homes.

Indicator analysis is of great importance in trading on the currency forex market, since economic events – reports on housing starts or unemployment, for example – often have a sudden effect on the currency forex market.

Due to the fluid and global nature of the market, intraday analysis is also of great importance to traders.

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