What is Forex ?

One of the most intriguing markets in the world right now is the Foreign Exchange Market. What people popularly call fx trading, currency trading or forex exchange happens in this market.

In the most simple explanation, the foreign exchange market is where currencies are traded. It is currently the largest and most liquid market in the world. It averages a daily trading volume of almost five trillion dollars. Even if all the stock markets in the world combined, all those markets would still be overshadowed by the immenseness of the forex market.

Fx, foreign exchange or currency exchange is commonly tagged as forex. Large financial institutions, organizations, companies, banks, and rich investors are experts in forex trading. They have found greater trading potentials that other investments cannot cater.

Currencies are very significant. These are medium for exchange and without it, people cannot conduct trades and businesses. If a person who lives in America wants to buy a product in Europe, that person has to pay in euros to conduct a trade. That person has to pay in Euros to purchase that particular product. A tourist traveling in China cannot pay in the dollar to see the Great Wall since the dollar is not the accepted currency in China. Hence, the tourist should first exchange the dollar with the Chinese Yuan before seeing that fantastic landscape.

Originally posted by ForexTrading

One of the most intriguing markets in the world right now is the Foreign Exchange Market. What people popularly call fx trading, currency trading or forex exchange happens in this market.

In the most simple explanation, the foreign exchange market is where currencies are traded. It is currently the largest and most liquid market in the world. It averages a daily trading volume of almost five trillion dollars. Even if all the stock markets in the world combined, all those markets would still be overshadowed by the immenseness of the forex market.

Fx, foreign exchange or currency exchange is commonly tagged as forex. Large financial institutions, organizations, companies, banks, and rich investors are experts in forex trading. They have found greater trading potentials that other investments cannot cater.

Currencies are very significant. These are medium for exchange and without it, people cannot conduct trades and businesses. If a person who lives in America wants to buy equity shares in Europe, that person has to pay in euros to conduct a trade. That person has to pay in Euros to purchase that particular product. A tourist traveling in China cannot pay in the dollar to see the Great Wall since the dollar is not the accepted currency in China. Hence, the tourist should first exchange the dollar with the Chinese Yuan before seeing that fantastic landscape.

In addition to what has been said, the US dollar is by far the most traded currency, making up close to 85 percent of all trades. Second is the euro, which is part of 39 percent of all currency trades, and third is the Japanese yen at 19 percent. (Note: these figures do not total 100 percent because there are two sides to every FX transaction).
According to the 2015 Euromoney survey, Citigroup and Deutsche Bank were the two biggest banks in the forex market, combining for more that 30 percent of the global market share.

Forex is the market which provides the platform to the traders to trade. Forex is a digital market. Forex needs patience, experience, strategy. Forex is very difficult for those who didn't know about the forex market. So learn well before doing the trade. Thanks

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The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies They are highly risky as any event in the world influence the fluctuations in the price of the currency. However, you can invest in the stock and commodity market to earn the high profit with the help of advisory firm.

Forex (FX) is the market in which currencies are traded. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks). All these entities have currency needs, and may also speculate on the direction of currencies. They post their orders to buy and sell currencies on the network so they can interact with other currency orders from other parties. The forex market is open 24 hours a day, five days a week, except for holidays. Currencies may still trade on a holiday if at least country/global market is open for business.

Amazing information about what is forex. I am still learning a lot.

Have you considered using a fundamental economic news signal tool to make informed trading decisions?

The forex market is known as the 'Interbank' market because historically it has been controlled by banking institutions, such as central banks, commercial banks and investment banks.

Be careful with iforex, the truth is that they apparently have a staf of advisors who offer you the gold and the moro, very well prepared, 30% weekly, they are incentivizing to make increasing deposits, the truth is that they apparently have a very good platform that they succeed in the operatives, the bad thing is that then they change you from advisors and the problems come, they give you a tendency contrary to the evolution of the market and finally they pluck you without compassion.

It is a trading platform, adn the most popular one

Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism. I am trading on Forex for a long period in my life. It is a good platform if you want to make some additional money. The main problem is that I don't have time to analyze the market all the tie by myself. That is why I listen to some forex signal providers. They help me to save some money because sometimes it is hard to understand how the graphics will behave

Originally posted by cashisking86

Doing the work is often what is left out by people coming into the business. There are no shortcuts and finding that edge that works for YOU is the hard bit.

This is a good point, it's key to educate oneself and take the time to practice before starting to trade live.