What Is Forex?

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What is forex?

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 includes all aspects of buying, selling and exchanging currencies at current or determined prices.

What is Forex trading and how does it work?

The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. … On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

What is Forex Trading all about?

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies trade.

Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.

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