What is Forex?

Forex is where all major banks, multinational corporates and financial institutions trade on currencies of other countries. This market is unique and different from the stock market in the fact that there are no middlemen and no office space where the trading takes place. Individuals make up a small percentage in this; however this trend is slowly changing. Raking in more than 2.5 trillion dollars every working day, the Forex is said to be the biggest rage today. Another factor that is distinct in this Forex market is that the investors are from different parts of the world. And this leads to the market being functional through the day, 24hours irrespective of what time it is. There is someone or the other awake and trading in the foreign exchange.