What is the Forex (FX)?

in #forex2 years ago

"George Soros isn't solely the foremost celebrated speculator within the currency market and also the biggest risk in the forex"
https://www.tardingforex.com/2022/01/speculator-george-soros-who-is-he-and.html?m=1

"Soros is inarguably one of the notable forex traders of this age. His exploits in the forex market have been so big that they have not gone unnoticed. It is also worthy to study the strategies such an intelligent forex trader uses."
https://www.forextostocks.com/resources/george-soros-forex/

"Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism. According to a 2019 triennial report from the Bank for International Settlements (a global bank for national central banks), the daily trading volume for forex reached $6.6 trillion in April 2019."
https://www.investopedia.com/articles/forex/11/why-trade-forex.asp

"The foreign exchange market – also known as forex or the FX market – is the world’s most traded market, with turnover of $5.1 trillion per day.*"
https://www.forex.com/en-us/education/education-themes/trading-concepts/what-is-forex/

"Currencies are traded on the Foreign Exchange market, also known as Forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand. Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. The Forex market remains open around the world for 24 hours a day with the exception of weekends."
https://www.tradingview.com/markets/currencies/

"Forex (FX) refers to the global electronic marketplace for trading international currencies and currency derivatives. It has no central physical location, yet the forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day. Most of the trading is done through banks, brokers, and financial institutions."
https://www.investopedia.com/terms/f/forex.asp

"Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction."
https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work

"Forex trading is a huge market. Trillions are traded in foreign exchange on a daily basis."
https://www.daytrading.com/forex

A Basic Guide To Forex Trading
https://www.forbes.com/advisor/investing/what-is-forex-trading/

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