An outstanding quality of the FOREX market is that no single individual can influence the prices or deals. Although scams do take place worldwide affecting many people, websites and registered FOREX dealers try to encourage players to take responsibility in discouraging unethical activities. On a daily basis, millions are made or lost. But it is the sheer instability of worldwide events itself which adds to its magnetism as can be summed up in this line- “Buy the rumour, sell the fact’.

So how does this dynamic market work? The underlying principle is the exchange of one currency for another with an intention of making profits on the difference of rates. In other words, money is bought and sold. Due to the presence of trading centers worldwide, there is no one fixed single rate, but a number of different rates depending on which bank or trader is trading. Care is taken to ensure that the rates are more or less close, or else there would be a lot of exploitation. Exchange rates however are liable to change several times a day and are prone to fluctuations.