The purpose of this ebook is to introduce the forex market to you. As with many markets there are many derivatives of the central market such as futures, options and forwards. In this book we will only be discussing the main market, sometimes referred to as the Spot or Cash market.
The word FOREX is derived from the term Foreign Exchange and is the largest financial market in the world. Unlike many other markets the FX market is open 24 hours a day and has an estimated $1.2 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of the main worlds\' stock markets on any given day