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What exactly is forex?

April 26, 2017forex

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What exactly is forex?

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alicia karley Posted

Forex means foreign exchange market (Forex, FX or currency market) is a form of exchange for the global decentralized trading of international currencies. Forex trading is the buying of one currency and the selling of another simultaneously. Forex trades can be carried out through foreign exchange brokers. Forex currency trading is done in pairs, ex. Euro against US dollars(EUR/USD).Buying and selling foreign currencies is like investing in a country’ stock. Forex exchange currency trading is a huge global industry with a daily turnover of three trillion dollars. Forex affiliate, one of the largest and most profitable financial affiliate network today.

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Forex is an acronym for FOReign EXchange and is the worldwide currency inter-bank or inter-dealer market that uses a floating exchange rate system. It is the world’s largest financial market, with an estimated daily average of more than $1.5 to $2 trillion. Some estimate that it would take the New York Stock Exchange about 2-3 months of trading to equal one day in forex.