WHAT IS FOREX TRADING?
Forex trading is the simultaneous buying and selling of the world’s currencies on a decentralised global market.
It’s also referred to as the foreign exchange or FX market. As one of the largest and most liquid financial markets in the world, its total average turnover per day is reported to exceed $5 trillion. The forex market is not based in a central location or exchange so is open to trade 24 hours a day, from Sunday night through to Friday night.
WHAT IS CURRENCY TRADING?
Investors always trade currencies in pairs, with the first currency to come in the pair called the base currency and the second called the quote currency.
ForexG traders simultaneously buy one currency in the pair and sell the other, according to how they think the currencies’ values will change in relation to each other.