Foreign Exchange Trading(FOREX) or Currency Trading is the simultaneous exchange of one country's currency for that of another. Speculators in the FX market wish to purchase or sell one currency for another with the hope of making a profit when the value of the currencies changes in favor of the investor, whether from market news or events that take place in the world. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.5 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, moving its way through the time zones of all the world's major financial centers.