Q:

What is Forex trading?

A:

Quick Answer

Forex trading is the exchange of different currencies at an agreed rate on the over-the-counter market. Forex is the leading trade market in the world, with over 4 trillion dollars exchanged in a single day.

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Full Answer

The main reason for the existence of Forex trading is to promote investment and foreign trade by allowing businesses to change one currency to another. Currency values rise and fall against each other from time to time due to several factors, such as geopolitics and economics. Traders strive to benefit from these changes by speculating the direction of prices in the future. The good thing about Forex trading is that traders can trade from anywhere as long as they have a computer and an Internet connection.

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