what is Forex Market?

[Harry John]

I want the simplest explanation.

 

[JimTatum]

Forex market means Foreign Exchange market. Buying and Selling of any two country's currency can be seen in Forex market. Suppose if you are from America, you want to travel to Europe or purchase anything from Europe. You need Euro to do that. So you have to Sell your dollar and Buy Euro. Then you can purchase or travel in Europe.

 

[Enivid]

Have you read this?
https://www.earnforex.com/what-is-forex/

 

[Harry John]

Forex market means Foreign Exchange market. Buying and Selling of any two country's currency can be seen in Forex market. Suppose if you are from America, you want to travel to Europe or purchase anything from Europe. You need Euro to do that. So you have to Sell your dollar and Buy Euro. Then you can purchase or travel in Europe.

thank you! 🙂

Have you read this?
https://www.earnforex.com/what-is-forex/

thank you for the link!

 

[Ary Barroso]

I see, you have got already initial response from active members! By the way, learning is the best medicine here; so as a new trader you have to spend lots of time on learning! This is very active Forex community, be active here and ask everything! All the best!

 

[ashouq]

Learning from others experience helps us avoid doing the same mistakes which those professional traders have already done and learned from it in a hard way.

 

[Tom Cooper]

Learning from others experience it cannot be the regular things. It is more appropriate to acquire experience by own trading. It works really than others.

 

[Michelle Yeoh]

I want the simplest explanation.

Please use the search button of this forum! You’ll get enough knowledge by old threads! Thank you.

 

[ashouq]

EURUSD means the EUR price against the USD either it will go up if the EURO strengthen or may go down if EUR currency becomes weaker against the later one and vice versa.

 

[ashouq]

The foreign exchange market is where traders buy and sell currencies

Interestingly many buying and others selling at the same time thinking that all of them are clever.

 

[Rayford Adam]

I want the simplest explanation.

The simplest form of forex market is to buy, sell and exchange on currencies.

 

[milornld]

I want the simplest explanation.

The forex market is the "place" where currencies are traded

 

[Miller.d43]

I want the simplest explanation.

A place where trader's buy and sell currencies in order to make profit.

 

[Traderlit_fx09]

I want the simplest explanation.

Forex market is the place where people trade foreign currencies by buying and selling them and in the process make profits or incur losses

 

[sandrajames]

The Foreign Exchange Market - otherwise called Forex or FX - is a worldwide market for cash exchanging. The remote trade showcase decides the relative estimations of various monetary forms.

Not at all like the stocks and wares advertise forex is a totally decentralized market which implies that there is no focal area and there are no formal trades where exchanges occur. For all intents and purposes, all forex exchanging is done "over-the-counter" electronically by phone, web or face to face.

 

[epicresearch]

The Foreign Exchange market is the place where currencies are traded like EUR/USD, USD/JPY, GBP/USD, EUR/GBP, GBP/JPY, EUR/CHF and others.

 

[CryptoX]

The Forex market is a global financial market where currencies are bought and sold. It operates 24 hours a day and is the largest, most liquid market in the world. Traders aim to profit from changes in exchange rates by trading currency pairs like EUR/USD or GBP/JPY.