Forex Definition

[Janifer]

Forex Definition There are more and less popular pairs of exchange in the forex market.Euro Dollar is one of the most important pairs and you are likely to see it written in the form of EUR/USD on all forex display screens. There are of course other tradable pairs such as GPB/USD (British Pound/ American dollar), USD/JPY (American dollar/Japanese Yen), USD/CHF (American dollar/Swiss Franc). Yet, they are far less popular than the EUR/USD pair.
What are Forex benefits?
First of all, forex market comprises the biggest number of participants with the largest daily transaction volume. All the transactions are conducted within seconds, following online quotes. Forex market is opened 24 hours a day, 7 days a week and can easily be accessed from anywhere within a computer environment. A trader is his own boss he can open a position for any period of time he wants without any fees attached. The only thing he will need to extra pay is the difference between buying and selling prices. Yet, one of the greatest forex benefits is that a trader has an opportunity to profit much more than he originally invested.
How can forex trading be rendered?
In the past, forex trading could only be rendered through banks. Today, with the ushering of new electronic revolution, there are myriad of options. Many online forex trading companies have emerged and started offering a wide range of services for traders all over the world, by means of online forex trading platforms. These platforms can easily be accessed if one has a computer and an Internet connection.

 

[Dmitriy Enrst]

The most popular currency traded in the Forex market is the US dollar, Euro, Yen, Swiss Franc and the Australian and Canadian dollars. Another fact about Forex: the most popular currency pair is considered the US dollar/ Euro, Japanese Yen / US dollar and Swiss franc/ US dollar.

 

[David Grey]

Very good post, objective thinking, it deserves attention.

 

[radex78]

Foreign exchange, this is big market which many currency traded on this market, we called as pair like as eurusd, gbpusd and so on, in international trading, each country has own currency,. and if certain country will import any goods from another country they need convert their currency to currency country destination and this as basic forex, but some or many speculator they want get profit from foreign exchange.

 

[ambitionfx]

Here is a short definition of "FOREX":

Foreign Exchange (Forex, FX)
the simultaneous buying of one currency and selling of another.
Source: https://goo.gl/OjNkvL

Is it true ? Seems Earnforex Glossaries missed Forex term definition
http://www.earnforex.com/forex-glossary

 

[radex78]

Forex trading is high risk high return business, in this arena as trader might they can increasing profit more than hundred percent only a week, but also posible they losing money in forex market, but however forex is great business and attract many people to trying their luck in forex business.

 

[jisourovsrs]

awesome .thanks for your post...

 

[radex78]

Forex is foreign exhchange whch here occur so many transaction through electronic transaction and no place market centralized and all transaction occur through electronic transaction,.

Every country has own currency and if they need ti buying goods from another country they need convert their currency to the currency destination, and this is based of forex which will awlays exist in the world.

 

[Ary Barroso]

The most popular currency traded in the Forex market is the US dollar, Euro, Yen, Swiss Franc and the Australian and Canadian dollars. Another fact about Forex: the most popular currency pair is considered the US dollar/ Euro, Japanese Yen / US dollar and Swiss franc/ US dollar.

You are right, EUR/USD is the most popular Forex currency, and mostly new Forex traders start their trading career with this trading pair! Yes, I also started my trading life (demo trading) with this trading pair! In addition, right now I’m using two more trading pairs , USD/JPY and GBP/USD!