Retail Forex Brokers

The forex (FOReign EXchange) markets are very popular day trading markets. The forex markets are cash markets where one currency is traded against another currency, such as the EURUSD (Euro to US Dollar) market or the EURGBP (Euro to British Pound) market.

The forex markets are based upon the exchange rates of the different currencies, and are available for all of the major currencies. Some of the most actively traded forex markets are the EURUSD, the GBPUSD (also known as cable), and the USDJPY (US Dollar to Japanese Yen). The forex markets are traded 24 hours per day from Monday morning in New Zealand until Friday night in the US.