FOREX
What is Forex?
Forex, or foreign exchange, is the global marketplace for trading national currencies against one another. It is the largest and most liquid financial market in the world, with a daily trading volume exceeding $6 trillion. Unlike stock markets, Forex operates 24 hours a day, five days a week, allowing for constant opportunities in a decentralized market that includes major financial centers like London, New York, Tokyo, and Sydney.
While Forex primarily involves currencies, it often includes indices, metals, and even cryptocurrencies through the use of Contracts for Difference (CFDs), which allow traders to speculate on the price movements of these assets without owning the underlying instruments. This market is influenced by a wide range of factors, including economic data releases, geopolitical events, and central bank policies, making it both an exciting and complex arena for traders.
Important videos you must watch before taking trades👇
Understanding R:R and how to manage risk to be a profitable trader
How MT5 works