Trading activity takes place around the world 24 hours a day, corresponding to the opening and closing of financial centers around the world; and therefore at any time, five days a week and all over the world, there are Forex buyers and sellers, making the Forex market the most active and liquid market in the world.
Traditionally, Forex was traded in large volumes only by the banking sectors for commercial and investment purposes. But since 1971, when exchange rates were able to float freely, the volume of trade has increased considerably. Today, importers and exporters, international portfolio managers, multinational companies, speculators, day traders, long-term holders and hedge funds all use the FOREX market to speculate, pay for goods and services, carry out transactions on financial assets or to reduce currency risk. by covering their exposure in other markets. However, it is important to note that it is estimated that more than 90% of the daily volume of Forex transactions is generated as a result of speculative transactions.