The foreign exchange market – also known as forex or the FX market – is the world’s most traded market, with turnover of $5.3 trillion per day.To put this into perspective, the U.S. stock market trades around $226 billion a day; quite a large sum, but only a fraction of what forex trades.

Forex is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex, currencies trade over the counter in whatever market is open at that time.

How FX Trading works : Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future.

When can I trade forex? : You can trade forex 24 hours a day, five days a week. The foreign exchange markets are worldwide and therefore follow a 24-hour global timetable. The trading week for forex begins on Monday morning in Sydney, Australia and follows the sun westward as the world’s major capital markets open and close from Tokyo to London and finally closing on Friday evening in New York.

Unique benefits of a 24 hour market:

• React to global trading opportunities whenever they arise
• Trade when it’s convenient for you
• Take advantage of periods of higher volatility when markets overlap
• Forex trading involves significant risk of loss and is not suitable for all investors.

Why Forex Online : Forex is the most traded market in the world and when you understand the benefits of the market, it is easy to understand why.

24 Hour trading, 5 days a week : Unlike other markets, forex trading doesn’t have to stop when the sun goes down. Since forex is traded all over the world, trading markets are open 24 hours a day, 5 days a week, so you can trade when it is convenient for you.

No commissions or hidden cost : The costs of trading at FOREX.com are included in the spread—there are no hidden fees or commissions, so you can be confident knowing how much your trade is costing you.

Trading opportunities in bull and bear markets: The forex market offers traders the unique advantage of trading opportunities in both rising and falling markets. And unlike other markets, there are no restrictions or additional costs for short selling.

Trade more with less : Forex is traded with a degree of leverage, allowing you to take a position in the market with a fraction of the capital you would usually need. As much as leverage may increase your gains, it can also increase your losses so it’s important that you understand the risks of trading on margin.

Unmatched liquidity : With daily turnover reaching $5.3 trillion*, forex is the most liquid market in the world. This liquidity often results in more actionable prices and unlike other financial markets, traders can respond almost immediately to currency fluctuations, whenever they occur – 24 hours a day, 5 days a week.With Axis forex online send money in 100+ currencies at any bank account in the world. Buy forex card for hassle-free & cashless travel. 24X7 availability!

Source : https://www.forex.com/en/education/resources-by-level/beginner/Why%20Trade%20Forex