What is Forex / Currency Trading?
The word Forex comes from the words Foreign Exchange. The Foreign Exchange market or the Forex market is the biggest market in the world. The daily earnings in the Forex market is around approximately 2 trillion dollars per day, which is much more than many other markets combined. Because of this huge earning, the foreign exchange market is one of the most enviable markets for Currency Trading. This market is also called Spot Exchange. This means immediate or simultaneous exchanges are performed using Forex Trading System.Currency Trading involves buying and selling of currencies in huge amounts to influence the shift in relative value into profits.There are different types of trading mechanisms such as Spread Trading,Swap Trading,Margin Trading etc. The Forex market is also known as OTC market (Over the Counter) or Interbank market because in this market, the transactions are conducted between two parties over the telephone or via an electronic network or the internet. Scroll down to
