The FOREX market functions globally through several exchanges that work simultaneously and coordinated in a way that allows it to be open 24/5 (from Sundays to Fridays).
And that is the reason for the accessibility of this market. No matter what time it is, odds are you will be able to perform transactions and dedicate yourself to FOREX trading.
However, FOREX trading itself is not done by you and me.
FOREX trading requires the use of brokers. Brokers are firms or agencies that act as intermediaries between trades.
Similar to an escrow service, you essentially give your money to brokers. But, they don’t act as a “safety net” but as an employee of yours.
Once you have hired a FOREX broker, they are the ones interacting with the FOREX market. What you need to do is basically hand them the money you wish to invest in FOREX trading and tell them what to do with it.
FOREX brokers offer platforms for market analysis and tracking the overall economic situation of the industry. Their platforms also include the function of placing orders, which are the commands you will be given to the broker on how to perform your desired transactions.
Once you have told the broker what to do, they will proceed accordingly and hand you the results once the trades have been finished.
In summary, the FOREX market is the global exchange of currencies from different countries where you obtain your profit from the fluctuating value differences between said coins.
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