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Forex trades top 1.5 trillion every day. That is 100 times more trading than on the New York Stock Exchange or NYSE. The difference is that Forex trading is primarily speculative. Another difference is that rather than trading through a central exchange like the NYSE, Forex trading occurs on what is referred to as the interbank or over the counter (OTC) market. This means that trades are made directly between the buyer and seller by phone or through an online network. Yet another difference is that Forex trading happens 24 hours a day, seven days a week with centers in major cities like Sydney, Australia; London, England; New York City, United States; Tokyo, Japan and more.

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