Forex Trading orCurrency Trading is buying of one currency and selling another. It is always quoted in pairs like EUR/US dollars. This type of trading is done under the presence of market makers and Forex brokers. However, the exchange rates based on economic factors.
Forex Trading is the world's largest investment market. Although, a small number of currency pairs are responsible for the majority of volume and activity. Each pair is typically quoted in PIPs (percentage in points) out to four decimal places.
According to the knowledge, there is a small difference between the Equity market and the Forex market. In Forex, traders can trade on leverage, but this can increase potential profits and losses.
Currency Pairs defined as a pair of two different currencies. Moreover, this also compared with the value of one currency to the other. As of the data, In the Forex market, EUR is the base currency and USD is the quote currency.
All are known as the forex trading market is the biggest liquid market in the world. Trades can trade many Currencies in the Forex Exchange. Currencies that are not paired with the US dollar but comprising the Euro, UK Pound and Yen are minor pairs.
Welcome to the world of forex trading where the possibilities are endless. Forex trading brings in many traders and there are reasons for all this as it's very popular and many want to try to make some money. But before you start you need to open a forex account, only go for reputable and regulated forex brokers.
