1
2
3
4
5
6
7
The Basics of Forex: What You Need to Know About Forex Trading

Published By Smartfx Brokers | Dubai, UAE

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, where currencies are exchanged 24 hours a day, five days a week. Understanding how this market operates is crucial for anyone looking to enter the world of Forex trading.

In Forex trading, currencies are traded in pairs, such as EUR/USD or GBP/JPY, indicating the value of one currency relative to another. Beginners should familiarize themselves with market participants, including banks, financial institutions, corporations, and individual traders, as their actions influence currency values.