Forex or Foreign Exchange is the largest capital market in the world, where currencies of all nations and countries are freely traded by the world's largest banks, institutional investors, investment speculators, but more importantly -- also by people like you and me. Unlike the stock market, the Forex market is open non-stop, 24 hours a day, 5 days a week, and consequently its size and volume of trades literally dwarfs the size of the stock market. As the daily volume of the entire stock market is estimated at around $60 Billion spread over tens of thousands of different individual stocks, in comparison, the volume of Forex exceeds Three Trillion dollars each and every day, the majority of which is spread over only a handful of major currencies - such as the U.S. Dollar, the Euro, British Pound, Swiss Franc, Japanese Yen, Canadian Dollar and Australian Dollar, making it - by far - the largest and the most liquid market in the word. In fact, Forex trading exceeds the combined volume of all the major exchanges trading equities, futures and all other instruments everywhere in the world.
Participation by individual traders has grown phenomenally in recent years with the proliferation of the Internet, enhancements in personal computers and Forex trading software, the launch of dozens of cash Forex firms taking advantage of online trading, and the globalization of markets in general. The introduction of the Euro currency on January 1, 1999, and the weakness of the U.S. dollar after peaking in 2001 also contributed to the surge of interest and popularity in Forex trading.
Every country has its own currency to facilitate its business and trade. The value of one currency against another depends on the economic health of the nations involved as well as the perception of stability and confidence in the political climate in each country. As conditions change, currency values fluctuate to reflect the new economic situation. And while these fluctuations might create challenges for economists, policy makers, and government officials, they provide tremendous opportunities for traders who want to speculate on impending changes in currency values.
So as the Forex currencies move up, we make money when we buy - and as they move down, we make money when we sell. Seems simple enough, but the real key to Forex success is knowing when to get IN to a trade and when to get OUT! This is where the 4X-DAT™ comes in. It simplifies, but more importantly AUTOMATES the entire Forex trading process, so you can go about your business, have fun, spend time with your family, while still taking advantage of the awesome financial opportunities the Forex market offers.
