What Is Forex?
Jasmine Harrison
14 Nov 2022
378 views
Forex is a global financial market that allows people to trade currencies and earn profit from the price differences.
Forex (foreign exchange) is the world's most traded and largest financial market in the world. It is a place to trade currencies from different countries. For instance, you can buy Euro with the US Dollar or sell Japanese Yen with Pound Sterling. As the transactions involve two different currencies, forex is always traded in pairs. Some of the most traded pairs in forex are EUR/USD, GBP/USD, and USD/JPY.
Forex is traded 24 hours a day, 5 days a week. It is the biggest financial market in the world with a daily volume of $6.6 trillion per day.