What is Forex?
The forex market is the largest financial market in the world, with over 4 Trillion dollars traded daily. The term forex is a shortening of the words “Foreign Exchange,” and the term generally refers to the global currency exchange market.
Everyday, financial institutions, investment firms, and individual traders buy one currency using another in order to make profits on the difference that occurs when the prices fluctuate. Trading currencies is exclusively done in trading pairs, which indicate the price of exchange between any two given currencies. Over time, these exchange rates vary and the difference that occurs is where investors make their profits.
The investor can trade efficiently and from anywhere they have an internet connection.
