What Is Forex Trading?
Forex is also known as foreign exchange. Forex currency trading is a decentralized local market where all the words currencies trade. The Forex Market is the largest most liquid market in the world with an average daily trading volume exceeding 5$ trillion.
The foreign exchange market is the place where the currency is being traded currency is a most important 2 people around the world whether they realise it or not because the currency is needed to be exchanged in order to conduct foreign trade and business. If you are living in the US and want to buy cheese from France and you are the company that you buy the cheese from has to pay the French for these cheese in Europe this mean that the US reporter would have to exchange the equivalent value of US Dollar into euros the same goes for travelling a French to arrest in Egypt cannot pay in euros to see the parameter because it’s not the locally accept currency the need to exchange currency is a is the primary reason why the forex market is the largest most liquid financial market in the world.
One unique expect of this international market is that there is no central market place of foreign exchange rather currency is trading is conducted electronically over the counter which means that all the transaction occur via computer network between traders Around The World rather than on one centralised exchange the market is open 24 hours a day 5 and a half days a week and currencies are traded forward in the major financial card centres of London, New York, Tokyo, Hong Kong, Singapore, Paris and Sydney across almost every time zone. This means that when the trading day in the US and so the foreign market begins a new in Tokyo and Hong Kong as such the forex market can be extremely active any time of the day with price with changing constantly