You will often read or hear that foreign exchange is the largest market in the world, with daily
trading volumes of nearly USD 2 trillion. But what does that mean to you, the trader?
The fact that so much money is traded every day is important for one prime reason: It means
that you will always find a buyer when you want to sell, and you will always find a seller when
you want to buy. You will never have to wait to buy or sell currencies online.
what is the forex trading?
What is foreign exchange trading?
The foreign exchange market is where foreign currencies, such as the Euro and the US Dollar,
are bought and sold by individuals, companies, financial institutions and international banks -
everyone if fact, who is looking to benefit from the huge potential for profit from speculation.
Foreign exchange trading has many names; some of the most popular are forex, fx and
currency trading.
When you buy and sell foreign currencies, you are buying one currency against another. This
means that when you see EUR/USD on a trading platform, you can either buy or sell this pair.
If you choose to buy, you will be buying Euros with US Dollars. If, on the other hand, you
decide to sell, you will be selling Euros with US Dollars.
The currencies explained:
EUR = Euro
USD = United States Dollar
GBP = British Pound
JPY = Japanese Yen
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