Basics of Forex Trading
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- Category: Forex Investors
The Basics of Forex Trading
The Foreign Exchange or Forex or Fx is the global market where governments, banks, corporations, and traders meet to exchange currencies.
What is the Foreign Exchange or Forex market?
The currency market is the world’s largest and most liquid financial market with an average daily turnover of over 4 trillion US dollars.
These are some facts regarding the Forex Market:
-The Forex market is open 24/5
-The most important currency trading centers are London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, and Singapore
-Currency trading uses the ECN network (Electronic Communicational Network)
-The most traded currency is the US Dollar and the most traded pair is EURUSD
