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The foreign exchange market (forex, FX, or currency market) is a form of exchange for the international trading of currencies. The foreign exchange market is also known to be the largest in the world with over $5.1 trillion being traded every day.[1] The markets are also open 24 hours a day for 5 days a week and are some of the most active as traders from across the globe exchange currencies.
While most forex is traded by large institutions, banks and corporations, there are a great many retail foreign exchange traders. These are traders that will trade on their own accounts and buy / sell forex in order to target a specific return. This has increased dramatically recently with internet usage and online trading platforms.[2] In the moral context this practice is to be avoided as personal behavior and also considering potential damage to the real economy.
| Commodities ($USD) | ||
|---|---|---|
| Crude Oil | 63.13 | -0.52% |
| Natural Gas | 2.68 | +0.82% |
| Gasoline | 2.04 | -0.58% |
| Heating Oil | 1.90 | - |
| Gold | 1779.00 | +0.76% |
| Silver | 26.10 | +0.55% |
| Copper | 4.18 | -1.21% |