Forex (FX) is the marketplace for trading currencies. The Forex market is a venue for currency exchange. Here, Trillions of Dollars are traded every single day. Since its history, Forex has no centralized location. The Gold Standard In 1879, $20.67 equals an ounce of gold. This is the Gold Standard. Here, a country’s currency holds a value exchangeable to gold. …
How Forex Trading Works
It is a puzzle for beginning traders and potential forex investors to draw a mental map and reconcile to the idea of how forex trading works and its glaring complexities. Honest to goodness, forex trading is an act of speculating. Traders speculate now and then the rise and fall of the prices of currencies. Currencies are bought and sold in …
What is Forex Trading?
What is forex trading, and how does it work? Forex trading is the conversion of one currency into another. A forex trader buys and sells a currency pair with hopes of benefiting from price changes in the course of trading. What is a forex trader? A forex trader is an individual, a bank, or a corporation who trades currencies in …