Trading

What is Forex ?

Forex, Foreign Exchange Market is an international exchange market where currencies from all around the world are traded. It involves buying and selling different currencies of the world. Forex market is the largest trade market in the world, yielding $3 trillion daily.
Forex is often traded in pairs, for example USD-EUR, USD-JPY, EUR-JPY and USD-CHF. You get ‘short’ in one currency and you will get ‘long’ in other one. Unlike conventional stock market, Forex does not have a centralized trade market.
It is considered as Over-the-Counter or Inter-bank as trades are done between two counterparts via electronic network or telephone connections.
Forex work truly as a 24-hour market; begin daily when financial centers in Sydney start their day, and moves around the globe to Tokyo, London and then New York. Traders can always response to the market regardless of the local time.
Market Volatility determines trading activities. On average, small to medium-sized investors trade more than 10 times daily.

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