What is Forex?

The word Forex is a combination of two simpler words Foreign
Exchange . The simple meaning of Forex Trading is exchange of
foreign currencies. Forex Market is where currencies are traded to
earn profit. Fx Trading market is like any other market where goods
are traded. The only difference between the Fx Trading market and
any other market is that goods are bought and sold in other markets
whereas currencies are bought and sold in the Fx Trading Market .
For example, you can buy euro by paying AUD (Australian Dollars) or
you can buy JPY (Japanese Yen) by paying US dollars. Currencies are
treated like goods in the Fx Trading market. Now you know a little
What Is Forex but its not enough, continue below. Forex is global
in nature because traders from all around the world can place
trades to earn profit. Participants in Fx Trading market are more
than any other market in the world and this makes Fx Trading
market, the biggest market of the world. More than a trillion USD
trading is done everyday in this market. Forex Trading is done in
the first five days of the week starting from Monday and do not
stop for a second till the end of Friday. It means Fx Trading is
done 24 hours in all five days. The Best Forex players in Fx
Trading market are large banks, large international corporations
and financial institutions. The main concept of the Online Forex
market is the free-floating currencies. Free-floating currencies
are those currencies that are not supported by any specific
materials like gold or silver. The profit and loss in Fx Trading
market is based on the changes in the value of currencies. The two
widely traded currencies of the Fx market are the US dollar and the
Euro. These two currencies are considered as the king of the
currencies. Some other reputed currencies of the Fx Trading market
are the Japanese Yen, the Canadian Dollar, the Australian Dollar
and the New Zealand Dollar. In the past few years, Forex Trading
has made many investors richer and they use large part of
their