What is Forex Trading
Forex Trading
is the foreign exchange market (currency,
forex, or FX) trading in currencies. Quite
simply, forex trading allows banks and other
institutions to easily buy and sell
currencies.
The foreign exchange market is unique
because of
- its trading volumes,
- the extreme liquidity of the market,
- its geographical dispersion,
- its long trading hours: 24 hours a day
except on weekends
- the variety of factors that affect exchange
rates.
- profits can be high due to very large
trading volumes
The Forex Trading market is a non-stop cash
market where currencies of nations are
traded, typically via brokers. Foreign currencies are
constantly and simultaneously bought and sold across
local and global markets and traders' investments
increase or decrease in value based upon currency
movements. Foreign exchange market conditions can
change at any time in response to real-time events.