Forex might be extremely popular right now, but it�s not a new thing. Foreign exchange market has been around ever since the first time one currency was traded for another. It�s the oldest and the biggest financial market in the world in terms of number of transactions and their value. Trades between central banks, multinational speculators, banks, corporations, financial institutions and even governments is an essential part of Forex market � but there�s plenty of action for smaller, independent traders as well. Some of the things that makes Forex trading market so unique, apart from the massive number of trades taking place every second are the geographical dispersion, the fluidity of the market, the twenty-four hour trading day and the number and variety of both traders and the factors that have an effect on the exchange rates.