What Is Forex
To find out how many euros it costs to buy one u. s. dollar, flip the pair to usd/eur: divide 1 by 1. 3635 (or whatever the current rate is). in this instance, the result is 0. 7334. Abbreviation. "forex" stands for foreign exchange and refers to the buying or selling of one currency in exchange for another. it's the most heavily traded market in the world because people, businesses, and countries all participate in it, and it's an easy market to get into without much capital. when you go on a trip and convert your u. s. dollars for euros, you're participating in the global foreign. Forex fx: forex (fx) is the market in which currencies are traded. the forex market is the largest, most liquid market in the world, with average traded values that can be trillions of dollars. Forex Trading What Is Forex Trading And How Does It Work An important part of the foreign exchange market comes from the financial activities of companies seeking foreign exchange to pay for g...