Forex trading - what is it and how does it work?
Thinking about trading forex with us? Open an AccountTry WebTrader What is forex trading? Forex, or foreign exchange, is a marketplace where currencies are bought and sold at agreed-upon prices. It enables individuals, businesses, and central banks to convert one currency into another. Whether you are a seasoned trader or just starting out, understanding forex trading can significantly increase your financial knowledge. Much of forex trading is driven by profit-seeking despite its common roles in global commerce and financial transactions. The significant daily trading volume transacted can cause substantial price fluctuations. This volatility attracts traders seeking potentially lucrative opportunities, but it also entails heightened risks. Characteristics of Forex markets The Forex market is unique, and here’s why: Forex trading is completely decentralized. Trades occur directly between buyers and sellers without a central exchange. It’s massive with trillions o...