Forex (short for Foreign Exchange) — currency exchange. The forex market is first and foremost considered the international currency market — the largest and most active financial market in the world. Its daily turnover exceeds $5 trillion. This exceeds the turnover of all national stock markets put together.
Participants in the Forex market are the largest banks and central banks of different countries, investment and pension funds, large companies and private investors with a huge personal capital. The deals at this market start from $1 mln.
However, Forex is also a marketplace where people do not buy and sell real currencies but only conclude betting transactions on the rise or fall of currency rates. This market is organized by the specialized companies — Forex-dealers.
Forex dealers offer the common people to take part in the game at the Forex market. The idea is that a person tries to predict what will happen with the exchange rate of one currency and makes a deal with a Forex dealer. If his forecast comes true, he earns — the dealer pays him the money. If not, the dealer deducts a certain sum from his account.
At the same time, as a rule, to start trading neither large sums of money nor special equipment are required. All one needs is Internet access and a trading terminal, a special program on the computer. Lately there are even mobile applications for access to Forex. However, it does not mean that it is easy to earn on Forex, on the contrary, the risks of losses are extremely high.