What is Forex?

The expert in covering the Markets

Currency trading, foreign exchange, or better known as forex or fx, involves buying and selling currencies for the purpose of making a profit on the change in their value. because it is the largest market, much larger than the stock market or any other market, there is high liquidity on the forex market. that is why the forex market attracts many traders, both beginners and experienced traders.

 

With approximately $ 5 trillion traded on the market daily, the Forex market has the highest liquidity in the world. This means that during the opening hours of the market you can buy almost all currencies and in large quantities. The Forex market is open 24 hours a day, 5 days a week, from Monday to Friday. Trading starts with the opening of the market in Australia, Asia, and then Europe and the United States until the markets close.

 

The opening time of the Forex market is GMT during the summer on Sunday and ends on Friday 21:00 GMT. In the winter this is 22:00 – 22:00. This means that currencies are traded at all times, day and night. Unlike other instruments, where the decline of the market may leave traders with unruly assets, a buyer or seller can always be found in the Forex market.