In this article, We learn about "Forex ".Let's Go!
Forex is buying one currency and selling another currency at the same time.
Forex exchange is as easy as exchanging one currency for another at airport currency exchange shops and kiosks.
But as far as trading is concerned, foreign exchange transactions can be conducted in the foreign exchange market, also known as the "foreign exchange market" or "FX market".
When you trade in the forex market, you are buying or selling a specific country's currency, but unlike currency exchange shops and kiosks at airports, There is no transfer from one hand to another hands for actual currency exchange. Another .
The foreign exchange market is the largest and most liquid market in the world, with daily trading volume exceeding 5 trillion US dollars.
There is no centralized location, and foreign exchange transactions occur on "Over-the-Counter" (OTC).
The foreign exchange market is an electronic network composed of banks, brokers, non-bank financial institutions and individual traders (mainly trading through dealers).
BabyPips.com was created to introduce newbies or beginners to the Forex market in a fun and easy-to-understand way.
If you want to learn more foreign exchange trading knowledge, please click: Trading Education.
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