What is Forex? - Forex Brokers Trading

1. WHAT IS FOREX Forex is not any common attribute but it does mean a lot in the world of trading and exchange. It is not anything that is easy to understand or handle. Forex is an important concept within itself. FOREX Simply put, Forex is the marketplace where currencies all across the globe are traded or exchanged. Millions and millions of dollars are traded every day at the Forex market making it the largest liquid money market in the world. PAIRS AND QUOTES Even Forex comes with some types. Two of them being the pairs and the quotes. Pairs mean things like USD/CAD. It means the exchange rate of the US Dollars versus the Canadian Dollars. HOW TO TRADE IN THE FOREX MARKET? By now, many of you are interested in trading your currencies through Forex but do you know the trading method of the Forex. It may be unknown to the beginners but here is the process. SPOT TRANSACTION Also known as the spot market deal, it is solely for business purposes and for immediate deals that should be completed within two business days. But the USD/CAD is the major exception because they can be exchanged within one business day as the transaction rate is higher than any other currencies. CONCLUSION It may seem a little bit complicated than the Forex has so many features but once you get used to this you will never want to get out of this as this method is safe plus you get to have lots of profits that you cannot even imagine.