What is Forex?
Forex is a decentralized global market where millions of traders all around the world buy and sell currency.
FX, which stands for Forex Exchange, is recently the largest and the most liquid market with a daily trading volume exceeding $5 trillion.
The platform is entirely customizable, provides you with real-time data, and offers fast and intuitive order entry and execution to meet the needs of experienced investors and beginner traders. You can trade stocks and other assets from a single screen for excellent trading experience.
You already have made a Forex transaction, once you went outside your country and converted your Euros to Pounds, for example. When you did this, the exchange rate between the two currencies- based on supply and demand- define how many Euros you get for your Pound. The changes in exchange rate keep going during the time, depending on different factors.
Forex trading brings you relatively unlimited profit opportunities. However, you need to pay attention to the event happening in the market so that you can make the most out of them.