Forex is an acronym for Foreign Exchange Market
or Forex currency trading locally.And you have to know the forex is the largest financial market in the world.
This market officially works 24 hours – 5 days a week
The Forex market is the most important and largest markets in the world. Capital, which is trading up to 4 trillion dollar a day
Currency value change throughout the day depending on Market supply and demand
This market receives individuals and companies who own currencies and want to swap these currencies.
The trading currency done pairs are such as
EURUSD، GBPUSD، USDCHF، USDJPY، USDCAD، EURJPY، GBPJPY، EURAUD، AUDUSD، NZDUSD.
Date of Existed Forex market
forex market Existed in 1971 when the world market prices fixed exchange rate moved to the variable.
As a result of the enormous size of the market has become the forex market one of the largest financial market in the world.
Foreign exchange market known as Forex market is composed of currency and basic goods for the purposes of Industry and Trade,You should know that the currency market accounts for 95% of world trade, a speculative.
The major currencies in the forex market
There are six major currencies are traded daily
USD – EUR – JPY – GBP – CHF – AUD
Thes are the six currencies which are traded all day without excepion , in addition to other currencies are also traded in the currency trading market
There are always buyers and there are always sellers,So
The trading with these currencies daily buying and selling depending on supply and demand cause profit or loss