What is forex trading?

Trading forex is similar to equity trading. Here are some steps to get yourself started on the forex trading journey. Learn about forex: While it is not complicated, forex trading is an undertaking that requires specialized knowledge and a commitment to learning.

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.

When did the forex market start?

Different narratives have been provided as to when the forex markets first originated. Some have asserted that forex existed thousands of years ago. The barter system, in which people would trade goods for other goods, first came into existence during the time of Mesopotamia tribes.

Is Forex a good investment?

Forex is an exceptionally liquid and volatile market, and it’s reacting all the time. This makes it especially attractive to day traders looking for short-term wins. Unlike stocks which use exchanges such as the New York Stock Exchange, forex is traded by a decentralized global network of banks. You can trade forex 24 hours a day, 5 days a week.