Forex also known as Foreign Exchange is the largest and the most liquid market in the world. Its retail part has come with the development of the Internet. This allowed retail clients to trade Forex online via various trading platforms. Forex has opened its doors to the retail clients in the late 90’s. At this time the first retail online brokers started their operations. Forex, as a market had been functioning for decades before that, it was just that it only accepted institutional clients. Currently there are trillions of US dollars traded daily on the Forex market, while retail clients contribute nearly 5% of the total volume or around 250 billion US dollars in daily turnover. Why is Forex market so large? Large multinational trade companies, financial institutions, hedge funds and lots of other companies require foreign currencies to operate their businesses. As you may understand, one currency is bought online for another currency, and this creates quite a reasonable flow of funds. In other words, Forex is the global place for trading currencies