Forex (Foreign Exchange) is the Largest Financial Market in the World, where we can trade one currency for another, such as eur/usd, gbp/usd, usd/jpy, etc. It can be done offline or online, but now the online market grow very fast.

The Trading includes between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade can reach over 3 Trillion USD.

Forex Market is a bit different from Stock Exchange market. In foreign Exchange Market, traders trade for currency pair, such as eur/usd, gbp/usd, usd/jpy, etc.

(continue reading…)