FOREX Trading: Understanding the Foreign Currency Market
FOREX Trading: Understanding the Foreign Currency Market FOREX trading refers to the buying and selling of foreign currencies in a global marketplace, where the value of one country’s currency is compared against another’s. The objective of FOREX trading is to take advantage of fluctuations in currency values for profit, and it plays a crucial role in international trade, finance, and business. What is the FOREX Market? The foreign exchange market, or FOREX market, is where participants trade national currencies. This market facilitates the exchange of one country’s currency for another’s, based on their relative value. The currency of one country is weighed against the currency of another to determine exchange rates. These rates are influenced by various factors like economic policies, inflation rates, interest rates, and geopolitical events. ...