What is forex?

in #forex2 years ago

Forex (also known as foreign exchange market) is where currency pairs such as EURUSD or GBPUSD are exchanged and their price movements are invested in the market to make money. The forex market is an over-the-counter (OTC) market; Investors and traders buy and sell currency pairs through it. Currencies, in contrast to most other tradable financial assets, are as much economic instruments as they are economic indicators. In other words, if countries are corporations, the currencies will be their stocks. The forex market is the most liquid (as well as the most accessible). Therefore, it is the most difficult market to manipulate.
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