Forex Education

What is forex?

Forex is foreign exchange. And also known as currency market and fx.

Forex is a world wide global market and largest market. The exchange of one currency to another. It’s a daily trading volume is $4.5 to 5 trillion when nyse and any other share market daily trades a volume of close $24-25 billion per day. So stock market is very little compare to forex.

Its a simple concept here,

when you travel another country , you must need to find currency exchange office for currency exchange , this currency of the country where you are visiting .

So its clear that is physical currency exchange and here is globally currency exchange .

Forex trading not a centralized , its connected to one bank to another bank , another bank to ebs , ecn broker , market maker , and many more fund finance and forex trader.

Some explanation of above words:

• EBS : Electronic Broking Services

major is a wholesale electronic trading platform used to trade forex with major banks .

• ECN Broker : Electronic Communications Network ( ECN )

is a forex financial network to provide its client direct access to other participants in the market.ecn broker is pure . They no make a different spread for own profit. They interested to a client make profit.

Forex Market Have many level:-.

Major Banks ( Centralized Bank And Government Bank) , EBS , Banks , Market Maker ,ECN , Huge Fund Finance And Forex Fund Companies. And in Last Forex Trader ( Forex Professional Trader, Forex Local Trader, Forex beginner ) .

The forex market is 24 hours market. It open from monday to friday continue 24 hours. Forex only saturday and sunday closed.

So trader can make trade any time without any confusion.

what is forex trading?