What is Forex and what does it entail

[kaykay]

1/ What is Forex?

Forex (foreign exchange) is the global market for buying and selling currencies. It’s the largest financial market in the world, with a daily trading volume exceeding $6 trillion!
Key players include:

Governments

Banks

Hedge funds

Retail traders (like you!)

 

[Fxzombie]

Forex market capitalization is the largest in the financial market. It is very liquid, and buying and selling have opportunities for profit and loss. Traders try to find opportunities to profit from changes in exchange rates.

 

[Fin_Trader]

For us, as retail traders, the advantage of forex is that it is possible to start trading with very small investments. For example, many brokers provide the opportunity to open small cent accounts, and a full-fledged ECN account with instant execution with my broker can be opened starting from just $100.

 

[Evgeny]

Forex is a tool for freely buying and selling currencies. Participants trade currency pairs, buying one currency for another, hoping to win on the exchange rate difference. The first currency in the pair is called the base currency, and the second is the quoted currency.

 

[pippin]

Your suggestions highlight education first which I couldn’t agree more with as a newbie I survived by demo‑training for months. Now, I still revisit those basics every quarter to stay sharp