What is Forex Trading?
Foreign Exchange market is commonly known as Forex market that has been established since 1970s. It is successfully recognized as the leader of liquid financial market these days. The transactions compared to the New York Stock Exchange reaches hundreds times bigger. The market is basically selling and buying money freely. It involves buying one currency and selling another.The main currencies in Forex will be US dollars competes with British Pound sterling, Japanese yen, Swiss franc, and Euro. The currencies here are symbolized in three letters, for example USD, GBP, JPY, CHF . The first two letter are indicating the name of the country, and the last letter is indicating the name of the currency.
