Forex, otherwise known unabbreviated as foreign exchange is the exchange of currencies in worldwide financial markets. It is by far the largest market in the globe and it is used to facilitate international trade and investment. It is also the most lucrative, which is best explained by its daily turnover of some $4 trillion USD, [...]
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Forex, as far as common man is concerned, is the buying and selling of foreign currency. A typical transaction involves the purchasing of a quantity of currency by paying its exchange rate in another currency. Barter system? Not really, because here both are money just of varying values. Foreign exchange market is the largest financial [...]
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A simpler way to explain the main purpose of Forex, known as the ‘foreign exchange market’ is to compare it to a person/holidaymaker going on holiday abroad. It is true that when you are going away to a foreign country, with a different currency, you hope to get a better exchange rate that will allow [...]
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