What is Forex?
Forex, also known as foreign exchange, FX or currency trading,
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or
over-the-counter (OTC) market for the trading of currencies.
This market determines foreign exchange rates for every currency.
It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
The foreign exchange market assists international trade and investments by enabling currency conversion.
In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.
Just like stocks, you can trade currency based on what you think its value is.
The US dollar is by far the most traded currency.
Benefit: exchange rates change all the time, and Forex traders attempt to profit from these changes
Forex, also known as foreign exchange, FX or currency trading,
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or
over-the-counter (OTC) market for the trading of currencies.
This market determines foreign exchange rates for every currency.
It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
The foreign exchange market assists international trade and investments by enabling currency conversion.
In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.
Just like stocks, you can trade currency based on what you think its value is.
The US dollar is by far the most traded currency.
Benefit: exchange rates change all the time, and Forex traders attempt to profit from these changes
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