Forex is the acronym for "Foreign Exchange" (FX) and refers neither more nor less than to the global currency trading in all markets. It is the largest financial market in the world and, because it is not centralized (that is, there is no central stock market such as, for example, stocks), it allows trading currencies through a global network of banks, brokers , financial institutions, companies and investors during the 24 hours of the day.
The Forex market, Forex or simply FX was born in the decade of the 70s in order to improve monetary flows derived from international trade, namely: facilitate the sale of national and international currencies at real prices. Currently, the volume of transactions exceeds USD 1.5 trillion, becoming the most liquid market with the largest number of operators.
Due to the ease of speculating with any currency and the high profitability that is offered, many governments have established control policies on foreign exchange transactions to avoid devaluation or excessive revaluation of one currency compared to others. Logically these phenomena affect directly to the internal and external economy of any country.
Although there are more than 182 currencies, the most traded currencies are the dollar, the euro, the pound sterling, the yen and the Swiss franc.
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