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What is Forex?
Forex, short for Foreign Exchange, refers to the marketplace where currencies are traded against
each other.
Currencies are traded in pairs so whenever a trader buys a currency, they are selling another
one at the same time. Trading takes place over computer networks as the Forex market has no
physical location and is decentralized in nature…
Why trade Forex?
The Forex market is appealing to many and is traded by millions on a daily basis.
Let’s look at some of the reasons why:
It is one of the largest in the world, trading nearly 5 trillion dollars every day in
transaction value.
Dozens of highly liquid currencies can be traded against each other.
Trading takes place around the clock, 24 hours per day and over 5 days every week.
Forex is easy to access and opening an account can be done in a matter of minutes online…
Major currency pairs
In the World of Forex, hundreds of currencies can be traded against each ot