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What is forex and forex trading?

Оглавление

The term Forex (short for Foreign Exchange Market) is the most common name for the foreign exchange or currency market today. Also the terms FX market, foreign exchange market or currency market are used colloquially. The Forex market is the most liquid and largest market in the world, which includes all the currencies existing in the world. In this market, the demand for foreign exchange meets the supply of foreign exchange and the exchange of foreign exchange takes place at the current exchange rate.

There is no central marketplace where this foreign exchange trading is carried out, because the trade is mainly between the market participants.

Forex trading is then understood to be the sale and purchase of foreign exchange or currencies. In doing so, investors try to profit from the exchange rate changes and thereby make a profit. In order to maximize the profit amount, very high financial levers are used. However, the use of high financial levers also means the risk of realizing high losses, which can far exceed the original investment.

Ultimate Forex Trading Guide: With Forex Trading To Passive Income And Financial Freedom Within One Year (Workbook With Practical Strategies For Trading Foreign Exchange Including Detailed Chart Analysis And Financial Psychology)

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