What is the Forex

Forex, and also known as " The Foreign Exchange " market exists wherever one currency is traded against another . It is the largest financial market in the world . Simply, if we compare the New York Stock Exchange trades vs changing hands in forex , we will discover Forex market is many times larger than the equity markets and Treasury combined.

Forex or "change" is where the money of a nation is traded with another . The most important and popular currency pairs on the Forex market are " Euro Dollar " , and you'll see pairs in all forex display screens as " EUR / USD" . There are also plenty of other pairs, but be careful not important and not famous as " pairs EUR / USD " as : -

1 - The British Pound , and see this pairs in all forex display screens as " GBP / USD" .

2 - The Japanese yen , and see what pairs in all forex display screens as " USD / JPY" .

3 - The Swiss franc , and you'll see pairs in all forex display screens as " USD / CHF . "

However, there is a problem in the forex market , to date, there is no central office where everyone can exchange currency . All currencies are traded by telephone and online through a huge network that connects all the banks, brokers and currency traders with each other .

Currency trading in the past was just to banks, but now and after the new electronic economy of the revolution, companies online forex trading start offering many services to all merchants worldwide . Today , if someone has a computer and an Internet connection can easily start trading currencies, but the experience and analysis is very important for success in the forex game .
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