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What is Forex?

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Forex Basics
1
What is Forex?
Forex Trading is the largest financial market in the world, with more than $ 3 trillion traded daily. This market is based on trading in global currencies.
2
How does the Forex market trade?
Forex trading is done by buying or selling "currency pairs" where a trader trades one currency against another. Examples of major currency pairs include EUR / USD, USD / JPY, EUR / JPY, GBP / CHF, CAD / USD and others.
When you open a position in the Forex markets, you are placing a "long" position on a particular currency and a "short" position on another currency. There is no specific central location for the Forex market, so it is one of the most flexible and available online trading for all investors from around the world.


3
Is forex trading risky?
The short ans…