Forex means foreign exchange market. Forex trading involves betting on the price movement of currency pairs.
There is no physical presence for Forex. It is an open marketplace recognized throughout the world. Trading is conducted 24 hours a day 5 days a week. Currencies of different countries are traded through a network of global Forex dealers and most Forex trading is done online. The goal of Forex trading is for traders to earn profits from foreign currency price movements. Forex trading involves betting on the price movement of a pair of currencies such as the EURO/USD or AUD/USD.
In years past, Forex trading was limited to large international banking concerns, multimillion dollar corporations and very wealthy persons. Today, the majority of Forex traders are… Read More..