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What is forex trading?

Forex trading is the exchange of one currency for another. Forex trading is the trading of currency pairs—buying one currency while at the same time selling another. Can You Get Rich by Trading Forex?

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.

What is a forex market example?

For example, EUR/TRY and USD/HUF. The forex market is used for a variety of different purposes. Major companies doing business in foreign countries use the forex market to hedge against risk in currency price movements. Traders aim to profit by speculating on the price movements of currencies.

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