What is forex market & how does it work?

Forex (FX) market is a global electronic network for currency trading. Formerly limited to governments and financial institutions, individuals can now directly buy and sell currencies on forex. In the forex market, a profit or loss results from the difference in the price at which the trader bought and sold a currency pair.

Do forex traders use a trading app in 2020?

83% of Forex traders surveyed are extremely or somewhat extremely likely to use a Forex trading app in 2020. Do you believe that artificial intelligence and machine learning optimizes trade execution? 65% of traders believe that machine learning and artificial intelligence optimizes trade execution.

What is a foreign exchange (FX) market?

The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the world's largest and most liquid asset markets. Currencies trade against each other as exchange rate pairs.

What is retail forex trading?

Retail Forex trading only accounts for a mere 5.5% of the entire Forex market globally. There are over 170 different currencies around the world today that make up the Forex market. The US Dollar is the most traded currency in the world. The US Dollar, also known as the "greenback", is part of almost 73% of global trades.