What It Is Forex Trading
The forex market is open 24 hours a day and 5 days a week, only closing down during the weekend. (what a bunch of slackers! ) so unlike the stock or bond markets, the forex market does not close at the end of each business day. instead, trading just shifts to different financial centers around the world. Forex, also known as foreign exchange or fx trading, is the conversion of one currency into another. it is one of the most actively traded markets in the world, with an average daily trading volume of $5 trillion. Forextrading may be profitable for hedge funds or unusually skilled currency traders, but for average retail traders, forex trading can lead to huge losses. What is forex? forex, also known as foreign exchange, fx or currency trading, is a decentralized global market where all the world's currencies trade. the forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. all the world's combined stock markets ...