How is trading the Forex different from trading the stock markets?

Unlike the stock markets, the Forex market does not operate via regulated exchanges or clearing houses. Participants of the Spot Forex market deal with each other via global communication networks to buy and sell currency pairs. As a result, unlike stock trading, there’s no brokerage commission. You can long and short currency pairs any time. Forex is open 24 hours and is the most liquid financial market in the world.