What is Forex
Forex, short for foreign exchange, is the global market for trading national currencies. It is the largest and most liquid financial market in the world, with daily trading volumes exceeding $6 trillion. Forex trading involves buying one currency while simultaneously selling another, typically in currency pairs such as EUR/USD or GBP/JPY.
Key Characteristics of Forex Trading:
24/5 Market: Forex operates around the clock from Monday to Friday, offering unparalleled trading flexibility.
High Liquidity: The massive volume of transactions ensures ease of trading with minimal price fluctuations.
Global Reach: Currencies from all over the world are traded, making forex a truly international market.