Forex trading is the buying and selling of currency pairs. There is no central location for trading forex. FX trading is done electronically via computer networks, so there is no single exchange or central marketplace that controls it. Forex market participants can trade more than 120+ currencies today. Forex trading allows international buyers and sellers to trade and conduct business. The forex market includes businesses, central banks and hedge funds, small-scale currency traders, investment management firms, and other financial institutions. The forex market is considered the largest financial marketplace on the planet, with more than $6 trillion daily transactions.
Best Forex Trading Brokers in 2022 & Their Reviews:
The currency market, which is decentralized, is open Monday through Friday. The forex market allows participants to exchange currencies at a specific rate. The currency rate fluctuates and is not always constant. The traders gain by purchasing and selling currency pairs based upon these prices. You need to learn how forex trading works before you risk your own money.