Forex is the world’s most traded market, with an average turnover in excess of US$4 trillion per day. Compare this to the New York Stock Exchange, which has a daily turnover of around US$50 billion and it’s easy to see how the foreign exchange market is the biggest financial market in the world.
The daily turnover in the Forex market in approximates $4 trillion. This number surpasses the size of international bond market by a factor of 10 and that of the international equity market by a factor of 50, according to some recent estimates.
Because of this large size, and the fact that currency trading goes on continuously 24 hours, five days a week, trading in the Forex market offers more opportunities than any other market in the world.
Furthermore, trading in the Forex market was once limited to large banks, multi-national enterprises and high worth individuals. Nevertheless, with retail Internet Forex brokers, anyone with a computer, an Internet connection and a small amount of money can now trade in the Forex market.