What is foreign exchange trade?
Foreign exchange trading – also FX or Forex – refers to trading one country’s currency against another country’s currency. When it comes to the trading volume, the global foreign exchange market is the largest market. This means that the order volume in the foreign exchange market is larger than in the federal or stock exchange market. As an example, the New York stock exchange has a daily trading volume of only a very small percentage of the traded volume at the Forex market.
