Markets

Forex Markets 101

The foreign exchange market, or forex, is the largest financial market in the world. Over 7 trillion dollars is traded every single day. Unlike the stock market, forex runs 24 hours a day, 5 days a week, because currencies are traded across time zones around the globe. Currencies are always traded in pairs. EUR USD means you're trading the Euro against the US Dollar. If EUR USD is at 1.08, it means 1 Euro equals 1 dollar and 8 cents. When you trade forex, you're essentially betting that one curr