Trading Foreign Exchange
Key takeaways the foreign exchange (also known as fx or forex) market is a global marketplace for exchanging national currencies because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid currencies trade against each other as exchange. Foreign exchange trading was once something that people only did when they needed foreign currency to use when traveling in other countries. this involved exchanging some of their home country's currency for another at a bank or foreign exchange broker, and they would receive their foreign currency at the current exchange rate offered by the. The foreign exchange market (forex, fx, or currency market) is a global decentralized or over-the-counter (otc) market for the trading of currencies. this market determines foreign exchange rates for every currency. it includes all aspects of buying, selling and exchanging currencies at current or determined prices. in terms of trading volume, it is by f...