Forex stands for foreign exchange - Forex or FX shortly. It is a global currency exchange market where currencies are brought together for sold profit.
Forex is one for the largest and most liquid type of market in the world where more than 3trillion dollars exchange takes place per day.
Currencies in the forex market are traded 24 x 7 (24hrs a day 7days a week). Trading moves from major banking centers of US to Australia and then to New Zealand and then to the far East, gets to Europe and finally it return back to states.
Forex trading is all about exchanging money(currencies)
Trading on forex market simply means buying of one currency and selling another at the same time. To understand easily the currency of country is exchanged with currency of another country at the current exchanges rates. They are always traded in pairs like EUR/USD , EUR/JPY , GBP/USD etc.
And Forex is profitiable to trade for good amount of money........ thousands of people trade through forex to earn good money online bye exchange....................... :-)
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