Forex stands for international markets on which foreign exchange transactions are made using the exchange rates between the currencies of different countries. Forex market is one of the world's largest markets, which allows forex traders to perform leverage transactions. Participants can connect to the market online for foreign currency and commodity transactions on a 24/5 basis. The leverage feature of the forex market allows traders to trade up to a certain times their balance. In addition to foreign currencies, precious minerals such as gold and silver, as well as oil and global indices can be traded on the market.
Players of Foreign Exchange Markets include a wide range of entities ranging from Central Banks to individual traders, private and commercial banks and insurance companies. Magnitude of the transaction volume allows investors to perform transactions in any volume and at real prices. With a magnitude beyond control, the forex market is difficult to manipulate, hence giving healthier responses to analysis methods than do local markets.