CompassFX - Member, National Futures Association (NFA # 0232832)
Why Trade the Forex?
Trade one of the world's largest markets...
With an expanding global economy, you may already be currency trading without realizing it. Every time you purchase a foreign product, you have traded the value of your currency for the exchange traded value of the foreign product. Believe it or not, that is a simplified explanation of the basic process of Forex trading. In the Forex, banks, investment firms, large corporations and individual traders buy and sell world currencies such as the Euro, British Pound, Swiss Franc, and Japanese Yen in exchange for the value of another currency. The Forex market has long been recognized as an uncommon investment opportunity by major banks and financial institutions.
The Foreign Currency Exchange market, commonly referred to as the Forex, is one of the largest markets in the world trading in excess of $2 trillion per day.
You might ask, "Why trade the Forex?" You can trade almost anytime that is best for you. The Forex is open 24 hours a day from Sunday evening through Friday afternoon.* The Forex market is an "off-exchange" market which may affect your trading outcome.