What Is Forex Trading

What is Forex Trading

What is Forex Trading ? Its history and spread. About this The section describes.

Let’s first see what this Forex is The term Forex means the Foreing Exchange Market. Simply put, one currency is an exchange with another currency.The most commonly traded currency in this manner is EUR / USD.There are many currencies that are being exchanged like this.

The International Financial Exchange Market (Forex) is the largest financial market in the world.A large amount of money is transferred every day.The United States is the largest stock market in the world.

The New York Stock Exchange has become the largest stock market in the world.The New York Stock Exchange, on average, accounts for approximately $ 35++ billion in transactions per day.

Let us see the value of the daily transactions in this forex market.That’s a staggering $ 6+ trillion.Forex trades more than 200 times the sum of the daily value of transactions in major stock markets of the world.It’s like the world’s money is in one place.This is meant to give you an idea of ​​how trustworthy and how much money is being exchanged.

Why not many people know about Forex

Prior to 1996, foreign currency transfers took place mainly through major state banks in the world.In the early days, only the wealthiest people could do Forex.For ordinary people, it was just a dream.

But after 1996, private companies started to get involved.At the same time, a new look is rapidly gaining in the popularity of Forex.After 1998, the Internet began to spread all over the world.Since then the world has started talking about Forex in many countries.Diligently researched, tried to learn.