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| What is Forex trading? |
Forex, also known as "Foreign exchange" markets wherever one currency is traded against another. It is the largest financial market in the world Enough. If we compare the New York Stock Exchange Trading vs changing hands in forex, we will find the Forex market is many times larger than the two stock and Treasury markets combined.
"Foreign Exchange" Forex or in a country where money is traded with another. Pairs trading is the most important and popular in the forex market is "Euro Dollar", and you will see this pairs in all forex display screens as "EUR / USD". There are also other partners, but obviously not important and not famous as "EUR / USD" pairs, such as: -
1-pound, and you will see this pairs in all forex display screens as "GBP / USD."
2 - Japanese Yen, and you will see this pairs in all forex display screens as "USD / JPY".
3 - Swiss francs, and you will see this pairs in all forex display screens as "USD / CHF".
However, there is a problem in the foreign exchange market for the moment, there is no central exchange where people can exchange currency. All currencies are traded over the phone and online through a large network that connects all the banks, brokers and currency traders of each other.
Trading currencies in the past is only for banks, but today, after the economic revolution of new electronic, online trading company to begin offering many services to all operators around the world. Today, if someone has a computer and internet connection can easily start to trade currencies, but the experience and analysis is essential for success in the forex game.
See other article about forex news trading or forex learn trading!
"Foreign Exchange" Forex or in a country where money is traded with another. Pairs trading is the most important and popular in the forex market is "Euro Dollar", and you will see this pairs in all forex display screens as "EUR / USD". There are also other partners, but obviously not important and not famous as "EUR / USD" pairs, such as: -
1-pound, and you will see this pairs in all forex display screens as "GBP / USD."
2 - Japanese Yen, and you will see this pairs in all forex display screens as "USD / JPY".
3 - Swiss francs, and you will see this pairs in all forex display screens as "USD / CHF".
However, there is a problem in the foreign exchange market for the moment, there is no central exchange where people can exchange currency. All currencies are traded over the phone and online through a large network that connects all the banks, brokers and currency traders of each other.
Trading currencies in the past is only for banks, but today, after the economic revolution of new electronic, online trading company to begin offering many services to all operators around the world. Today, if someone has a computer and internet connection can easily start to trade currencies, but the experience and analysis is essential for success in the forex game.
See other article about forex news trading or forex learn trading!
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