Forex is usually seen as FX, Forex trading is full of opportunities. The Forex market is a market for trading currencies and you can trade almost all important currencies in this global decentralized market. It is the largest market in the world trading over $5 Trillion per day 24 hours a day, 5 days a week. The main participants in the Forex market are larger banks all over the globe.
When you trade forex you buy one currency and sell another, we buy & sell at the same time that’s why it is quoted in pairs. Many factors like geopolitics and economic new matters and because of this exchange rate fluctuates, that’s why currency rise and fall against each other. By forecasting, we have got the opportunity to make a profit and due to volatility in the market, it creates a lot of short terms trading opportunities.
Example: You might decide to buy Euro & sell US Dollar, anticipating that Euro will rise Versus the US Dollar. You buy the number of units of Euro for your US Dollars. That proves correct and Euro does rise. You close the trade and make a profit. Remember if you’re wrong and Euro falls against US Dollar then you’ll lose money as what you’ve forecasted went wrong.
Who Trades Forex?
1.Companies and corporations
3.Hedge Fund/ Investors
5.Retail Traders (You or anyone else who decides they want to open a live account in the FX market.)
Major Currencies that are traded in the Forex market.
USD (United States Dollar)
JPY (Japanese Yen)
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