Foreign Exchange, forex or just FX are all terms used to describe the trading of the world's many currencies. The forex market is the largest financial market in the world, with trades amounting to more than USD 1.5 trillion every day. The Forex market is considered an OTC (Over-the-Counter), due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
FX trading is the simultaneous buying of one currency and selling of another one. Currencies are always quoted in pairs, such as USD/GBP where in the USD is the base currency and GBP is the quote currency. The base currency is the basis for buying and selling.
The object of Forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
The most important forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”.
Forex Trading Videos
FX trading is the simultaneous buying of one currency and selling of another one. Currencies are always quoted in pairs, such as USD/GBP where in the USD is the base currency and GBP is the quote currency. The base currency is the basis for buying and selling.
The object of Forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
The most important forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”.
Forex Trading Videos
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