The foreign exchange market (Forex) is world’s largest financial market, with an estimate daily turnover of $3.2 trillion in April 2007. Since then, the market has continued to grow. According to Euromoney’s annual FX Poll, volumes grew a further 41% between 2007 and 2008.

Basically its the market where banks, companies and speculators buy and sell currencies. The most traded currencies are the United States dollar, Euro, Japanese yen and Pound sterling.

Forex betting doesn’t provide the quick returns of football betting but is safer and can be considered an investment. Arguably there is not much difference between a gambler and an investor. Forex betting has great appeal to financial trader because of its volume which guarantees liquidity. High liquidity means that am investor can bet whatever currencies she feels like at all times, since there will always be someone to buy and sell any currency she wants. Eat your heart out Betfair.

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Forex Betting