You’ve probably heard the term forex but have no clue what it’s all about. Read further to learn what is forex and how to understand the basics. Forex, sometimes referred to as foreign exchange or FX, is a network of buyers and sellers who trade one currency for another at an agreed-upon price. The main goal of currency trading is to earn a profit. Foreign exchange trading occurs on the foreign exchange market, which is also known as the forex market. If you’ve ever travelled outside the country, you will most likely have made a forex transaction. Volatility exists when the volume of currency gets converted daily, affecting price movements. This volatility makes forex trading appealing to traders, as they
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Author: Heinrich Le Roux