What is Forex Trading? Forex, short for foreign exchange, is the global marketplace where currencies are bought and sold. Unlike the stock market, which is centralized and operates on specific exchanges, Forex is a decentralized global market that operates 24 hours a day, five days a week. It’s considered the largest and most liquid financial market in the world, with a daily trading volume of over $6 trillion as of recent estimates. The goal of Forex trading is simple: to exchange one currency for another with the expectation of making a profit. For example, if you believe the value of the US Dollar (USD) will rise relative to the Euro (EUR), you might purchase the USD/EUR currency pair. If the exchange rate moves in your favor, you can sell it for a profit. Conversely, if the market moves against you, the position will result in a loss. How Forex Trading Works 1. Currency Pairs: All Forex trades involve currency pairs, such as EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japane...
Forex Trading
Investment take time make sure where you put your money