Forex trading means trading of currencies, between banks, business organizations,currency speculators,multinational corporations, and even the other financial markets.The average trade per day is several times larger than all US markets.This trading is done from all around the world, with little or no hard cash changing hands. In Forex trading, the aim is to exchange one currency for another in the expectation that the currency you brought will increase in the value compared to the one that you sold.Currencies are traded through a Forex broker and the currencies are quoted in pairs, for example (EUR/USD)
In this market currencies are exchanged in the floating exchange rate system. The Forex market has no central exchange and has no trading floor. It is considered as an “over the counter”(OTC) market and is run electronically with in a network of banks known as the inter bank market.
In this market currencies are exchanged in the floating exchange rate system. The Forex market has no central exchange and has no trading floor. It is considered as an “over the counter”(OTC) market and is run electronically with in a network of banks known as the inter bank market.
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