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Forex trading explained

Forex or Foreign exchange is where currencies are traded. Forex market is the largest, most liquid financial market in the world. Over twice the size of stock market. Forex trading is, essentially, trading in currencies. Analyzing the market in order to predict how valuable various currencies will be compared to one another, and then buying and selling them accordingly, is an excellent opportunity for profit, explaining market size and popularity. Exchange Rate All world currencies are valued against each other. These values change based on numerous factors, just like stocks. They change over time due to changing supply, demand, economic or geopolitical factors. This allows traders to essentially bet on rising or falling of currencies, hoping to net a profit in the pr... Read more

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