Forex market (short for “foreign exchange”) is the largest and the most liquid financial market where the global currencies are traded. Forex traders purchase currencies with the intent to make money off of the difference between the buying and the selling prices. The foreign exchange market, also known as FX or Forex trading, is one the most fast paced, dynamic markets in the world. Traditionally, huge global financial institutions, central banks, hedge funds, and the super-rich dominated the Forex trading market.
All of this changed with the arrival of the internet. Now there are no barriers preventing anyone from Forex trading. It is completely accessible to most investors, and you can buy and sell international currencies at the click of a mouse from your own home. Currency is similar to language, in that it varies from country to country. If you want to do international business or buy goods from abroad, you must pay with the local currency.