IFX Market

Company Description

The foreign exchange market or currency market, known informally as Forex, is an over-the-counter trading instrument where one currency is traded for another. It is the most traded market in the world, with an average turnover of $3.2 trillion per day.(SIFX Marketce: Bank for International Settlements, September 2007)Essentially, Forex is the trading of currencies against one another: buying one currency and selling another at the same time.