Recently there has been a "boom" in people's interest for knowing more about Forex and the ways it can help them make from some extra money to a hefty fulltime income working from their own computers.
Forex, Retail Forex, FX, are some of the short name for what is formally known as the Foreign Exchange Market. This is the largest financial market in the world, with a volume of more than $2 trillion of dollars exchanged in operations a day (This amount equates to approx. three times the total amount traded at the stocks and futures markets together) and with a trading week of practically seven days. As you can see this market is a really huge market, so big that there is no reason there would be no room for everyone. All traders should be able to pull a consistent profit from this market.
The last decade has been the decade of the internet and this technological development has been of extreme importance in opening the capital markets to the "retail" clients that don't belong to large institutions. Until the late 90's, only big guys could enter this forex world. You would be surprised to know that in the old days there was the requirement that you could trade only if you had about ten to fifty million bucks to start with. Something not everyone could afford. So forex was originally intended to be used by bankers and large institutions and not by little guys.
In short, the market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period. Expressed in other words, it's an everybody's market in real time thanks to the internet.
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Source: www.isnare.com
