Forex, short for foreign exchange, is the largest financial market in the world. It involves the buying and selling of currencies from different countries.
How it works
Forex trading involves the exchange of one currency for another at an agreed-upon price. The value of a currency is determined by its supply and demand in the market.
Who participates in forex trading
Individuals, corporations, governments, and financial institutions all participate in forex trading.
Why do people trade Forex
People trade forex for various reasons including speculation, hedging against currency risk, and conducting international business transactions.
Risks involved in forex trading
Forex trading involves risks such as market volatility, geopolitical events, and economic factors that can impact currency values.
Forex is a complex market with many factors that influence currency values. Understanding the basics of how it works can help individuals make informed decisions when participating in this market.