What is Forex Trading?
Foreign exchange, also known as currency, or Forex ( FX trading), is the world’s largest decentralized global market where all the world’s currencies are traded. The need to exchange currencies of different jurisdictions is the sole reason why thr Forex market is the largest financial market.
Foreign Exchange prices are influenced by a range of different factors, including inflation, interest rates, government policy, employment figures and demand for imports and exports.
Because of the sheer volume of Forex market traders and the amount of cash exchanged, price movements can happen very quickly, making currency trading not only the largest financial market in the world, but also one of the most volatile.