Where do you trade forex?
Unlike shares or commodities, forex trading does not take place on exchanges. Instead, currencies are exchanged directly between two parties, in what is called an over-the-counter (OTC) market.
What that means in principle is that the forex market is run across a global network of banks, spread across four major forex trading centres in different time zones: London, New York, Sydney and Tokyo. And with no central location that trades have to go through, you can trade forex 24-hours a day.
In order to trade forex, you’ll need a forex broker. Alternatively, you can take advantage of forex movement using derivatives like CFDs.