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What is forex?
Forex or FX, short for foreign exchange, is a global decentralised market, where you can trade currencies. Currencies are always traded in pairs like EURUSD and USDJPY, and exchange rates are determined by the buying and selling of one for another.
The forex market is the largest and most liquid financial market in the world, with the highest daily trading volume. Although banks and institutions make up a big portion of the market, as a retail trader, you can speculate on the rising and falling currency prices to try and make a profit.
When trading forex with an online broker, you’re not trading the underlying asset, but instead, predicting price changes in the currency pair you’re trading.
Open an account and start trading forex today!
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