What is Forex?
Forex goes by a number of names including foreign exchange, currency trading and FX.
Forex is the world's largest market with over £3.5 trillion traded daily. The market is decentralized across the globe and its participants range from large banks to retail traders.
Currencies trade in pairs with one currency trading against another establishing an exchange rate. The symbol GBPUSD gives us information about how many dollars you would receive in exchange for one pound.
This global marketplace is open 24 hours a day, 5 days a week, giving us on average ~ 251 trading days a year of opportunity for trading.