The acronym for foreign exchange is termed as Forex. It involves trading one currency for another and unlike the stock markets; there is no physical existence of this currency trading market. Also, there is no central exchange. In fact the Forex market is operated through links between networks of banks, individuals and corporations exchanging one currency for another. The Forex market boasts of being the world’s largest financial market which is active around the clock with money transactions worth millions on an everyday basis.
