What is Forex Trading?

The Forex market or the foreign exchange market and the English Foreign Exchange - the abbreviation Foreign Exchange - is one of the largest financial markets in the world in terms of turnover of more than 4 trillion dollars a day.

Forex is the term used to abbreviate 'foreign exchange' is the process of buying and selling currencies.The foreign exchange market is the largest and most liquid of the financial markets in the world The market operates 24 hours from Sunday evening to Friday, and includes central banks and currency speculators, Organizations, governments, individual investors and international investors Over the years, the volume of trading in the Forex market has been steadily increasing.In accordance with the BIS 2013 annual survey of global forex market volume, World currency markets can ($ 3.31 trillion a day in April 2007, and $ 1.7 trillion in 1998). This is 34% higher than in April 2010, which was estimated at 3.971 trillion US dollars.

How is Forex trading?

Forex is traded in the currency pairs system, as the value of each currency is determined in another currency and is traded by buying or selling currency against the other.

The most common currency pairs in the Forex market are:

EUR / USD (EUR / USD)

USD / JPY (USD / JPY)

British Pound / US Dollar (GBP / USD)

EUR / JPY (EUR / JPY)

AUD / USD (AUD / USD)

CAD / USD (NZD / USD)

New Zealand Dollar / US Dollar (CAD / USD)

How does CFD trading work?
A: Foreign currencies are traded in currency pairs, while CFDs are usually a financial instrument valued in a specific currency. The most common currency pairs are EUR / USD, USD / JPY, GBP / USD, EUR / JPY, AUD / USD American Dollar (AUD / USD). You can buy and sell every coin or financial instrument.