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What Is FOREX?

“Forex” is short for foreign exchange. Quite often you can meet Forex to be also abbreviated as FX. The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy something from Spain, either you or the company that you buy from the Spanish has to pay in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling.... Read More >>>
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Forex trading involves substantial risk of loss, and may not be suitable for everyone.