Bilal AhmedMarch 17, 2021 An introduction to forex trading Forex or foreign exchange trading involves currency exchanges at a global level. Since this is a decentralized market, there is no single controlling or regulatory authority which manages the trades each day. Rather, the control is distributed to eight different global trading centers like London, Sydney, Tokyo, Singapore, and New York. Over the years, the forex market volume has increased to an overwhelming level, crossing 5 trillion dollars per day. Traders are becoming more intrigued with the high volatile and lucrative nature of the market. This increasing influx of global traders has forced several forex platforms to launch online services.