What is Forex (FX)?

Forex: Understanding the Foreign Exchange Market

Forex, short for Foreign Exchange Market, is the global marketplace for trading currencies. In Forex, investors benefit from fluctuations in currency exchange rates by exchanging one currency for another, buying currencies at a low price, and selling them at a higher price.

The Forex market is the largest financial market in the world, with a daily trading volume of $7.5 trillion. This figure is more than three times the size of the global stock and futures markets combined. The massive volume is driven by central banks, major investment banks, large financial institutions, and significant portfolios and investment funds, making Forex the largest, most powerful, and most stable financial market.

In this video, you will learn about the Forex market.