What is Forex?

FOREX is the abbreviation for “Foreign Exchange”, which is also known as the currency market. The basic activity that takes place in Forex is the trading of one currency for another, which is one of the largest businesses of the world today.

Traders active In the Forex markets usually just opt for the basic transaction in which they get a foreign currency exchanged for the one that they want. These are usually owners of multinational corporations who have to pay wages ...